The share price of the operator of Mt Marion lithium, Mineral Resources (MIN) who have about 40% equity is about $21 just now. The mine commenced production about 3 months ago, and is running above nameplate at 35,000 ton/month spodumene concentrate. They have a little iron ore mine too, pretty marginal. All production goes to the Chinese partner who also has 40% or so equity. Its a good area for lithium. The MIN consortium mine and plant is only 40k from Kalgoorlie.
WGX Price at posting:
$1.73 Sentiment: Hold Disclosure: Held
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