Yep.
There is no way I would want to be bringing on line a mine in the current price environment unless you are in the lowest cost quartile for AISC, which LRS will be.
As some have found out the hard way, it would be cheaper to withdraw cash from the bank, and have a bonfire with it, and beers supplied for the SH’s rather than be producing.
Even worse for those with pricing aligned to Hydroxide. Nothing stopping the buyer using for Carb and pay against Hydroxide.
LRS General Discussion, page-17698
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Last
23.0¢ |
Change
-0.020(8.00%) |
Mkt cap ! $643.8M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 22.0¢ | $2.179M | 9.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 283000 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 135485 | 4 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
-0.020 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.0¢ | 22.3¢ | 4224168 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| LRS (ASX) Chart |