Looked through my notes and went on the conference call.
Very interesting.
1. Agree on $600 per tonne (Excel number did not match my notes - so my mistake on incorrect typing)
2. Marketing / royalty fees are now known. I'll add Mount Cattlin production cash cost to US$420 per tonne.
3. Mineral Resources 1st ever shipment : recently shipped 113,993 wet metric tonnes recently @ about 1.5% grade lithium on 17/4/2017. (Potential for more new mines to come. Existing mines are increasing production). Question was put to Tse whether this would affect future pricing.
4. "2018 pricing is too early" to be known (TSe's own words).
So forget about 2018 massive earnings until contract or sale price are fully known.
5. UBS, Canacord, BellPotter were there.. so potential for broker reports update.
6. Debt/ Equity, JV or combination still in the air for SDV and JB.
GXY Price at posting:
41.3¢ Sentiment: Sell Disclosure: Not Held
