I've read the last 4 company updates. on no occasion have they stated the actual grade of the lithium carbonate they are selling. They talk high grade and battery grade and chemical grade, but don't seem to give an actual percentage.
Can one of the people that have said I'm wrong and Joe Lowry is wrong please point to some documentation from the company that states they are producing and selling 99.99% as has been stated here in these threads.
If that is the case then I will be looking for a point to buy in. I can't find it.
I also find it unusual the price received for product. They are aiming at over $US10,000/t for the September quarter after getting $US7,500/t for the June quarter. The price of spot EV grade lithium carbonate in China was over $US20,000/t throughout the June quarter, yet ORE has been getting less than half of that, and is only aiming at half of that.
If the product really was as high a grade as claimed on the forums, not by the company, I would expect a product in high demand and getting the high prices.
Joe Lowry has stated that no EV battery manufacturer is using product from ORE. I also have not read anything from ORE refuting that comment. Again if what people on these forums are saying is true, can you please point me in the direction of a company announcement saying something different.
Thanks in Advance.
ORE Price at posting:
$3.32 Sentiment: None Disclosure: Not Held
