Shane, I don't follow your maths. 5M tonnes ore at 1.25 % Li2O (say) at 80% recovery (say) to concentrate gives 833,333 tonnes of 6% spodumene concentrate available for sale. At USD600/t (say) that gives USD500M revenue over 15 years. How do you get to USD1.6 billion?
Also, what do you mean by "at todays current extraction rate"?
By way of comparison, Dakota's resource was 7.3 Mt @ 1.25% Li2O. Using the same metrics as above, this would have produced USD$730M revenue. They flogged that off to PLS presumably because they did not see value in developing the resource further.
Are my calcs wrong?
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