Kalium Lakes management achieved an exceptionally rapid project delivery schedule, including substantial project de‐risking through extensive pilot and trail testing. Shareholders should take significant comfort from the arrangement of the debt from German and Australian Governments, which would have entailed extensive due diligence. The cost of this debt for the 90Ktpa stage likely to be below 5%pa, with repayment stretching over 10‐15yrs, again substantially reducing the risk to equity holders. Once in production, the market is likely to seriously consider using the lower discount rate, which points to a share price some 4x the current price.
Official website: https://www.kaliumlakes.com.au/
ASX on Hotcooper: http://hotcopper.com.au/asx/KLL