RE:Grade DiscussionThis is spot on - totally agree - it also comes down to their strategy - they are willing to take a higher CAPEX up front to reduce the OPEX for the following decades (smart IMO), which clearly shows when you compare to SLL - which is even more emphasized by the fact that E3's process produces hydroxide vs. SLL's carbonate (hydroxide is extra processing but sells for a higher price and will be more in demand)