Ann: Quarterly Activities Report-ORE.AX, page-103

  1. 1,211 Posts.
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    Did any one else miss this


    http://finfeed.com/mining/pls/pilbara-offtake-agreement-positive-development-lithium-sector/20161111/


    It seem the Chinese are getting so hungry for lithium that they are willing to buy  1.4%  lithium ore and just store it until they can build the plant to process it.

    I like the little back of envelope calcs on how much Gxy is rumoured to get for its 6% spodumene, a paltry $800/t,  an  pls estimated to receive $150-200/t for its rocks.

    Admittedly for the work they put in its a lot more attractive than iron ore but it begs the question. How on earth are the Chinese going to process 100 000 tonnes of ore per month into lithium carbonate and at what cost and time frame .


    Either way it underlines the bullish moves being made in the lithium land grab that's going on.
 
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