Gas demand aside, LCK is also aiming to become a low-cost supplier of Australia’s fertiliser demand. When you consider that 95% of Australia’s fertiliser is imported, and an uncertain climate, our country’s food security is another added political issue yet to be played out. Already the Australian producer is under pressure to supply the shortfall of 5%.
To create fertiliser you need syngas as a feedstock. Something that gives LCK a huge advantage over other gas producers. When the 2P is announced they could be in a league of their own.
LCK Price at posting:
19.5¢ Sentiment: None Disclosure: Held
