Without them stating how many wells are in the updated well network that information is meaningless. And that production capacity is far too high to use the same amount of wells in the PFS.
Fluid Domains on Production well 1:
"Continuous downhole pressures were recorded while the well was pumped at approximately 500m3 per day. Evaluation of the well performance, including an observed maximum drawdown of approximately 130m, suggests the well could produce 4,100 m3 of brine per day over a 3-year period (modeled duration for the first commercial proof of concept).
4,100 m3 per day multiplied by the lithium concentration of 104 mg/L observed on the pump test is equal to 156 metric tonnes of lithium or 828 metric tonnes of lithium carbonate equivalent (LCE) per year. "
The PFS had an average of 592 tonnes per well x 13 wells = 7,700 (6,000 LCE post recovery loss).
If all 3 Pads can pull 828 tonnes LCE a year off a single well... well if I was the Sandman I'd want to sit on that information as long as possible and accumulate 17 million shares a quarter.
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