Kalium Lakes is on schedule and budget at Beyondie, having completed the harvest ponds lining. This allows for a full summer of crystallisation to build a surface from which to harvest.
Macquarie assesses this is key to realising long-term value. Initial production is expected in the first quarter of FY22. The broker retains an Outperform rating and $0.40 target.
Target price is $0.40.Current Price is $0.18. Difference: $0.22 – (brackets indicate current price is over target). If KLL meets the Macquarie target it will return approximately 55% (excluding dividends, fees and charges – negative figures indicate an expected loss).