POSCO will spend capital for 2016 is very Positive
It is excellent news that POSCO will spend capital for build initial capacity of 2,500 tpy. POSCO is very professional and if milestones are set they are likely to be made.
Also positive is LAC will only need to spend capital for logistics (they have a local team) and brine. The expenditure is not significant i.e. drill rig + pipelines
There is insignificant dilution anticipated based on this announcement !!