Lithium Related Media Articles, page-6332

Welcome to the most hyped, pumped , embarrassing thread on HC, where dreams get in the way of reality, the scary thing is they believe it!!

Talk of BHP getting their hands on the supposed " KV TIER 1 ASSET ", just tops the cake.

Lets look at the definition of TIER 1 ASSET shall we ?

" Company making mines, they are large, long life and LOW COST, the cost is in the lowest quartile in the sector and the project could be developed in any section of the business cycle "

Tier 1 assets generate significant income > 300 - 600m PA.

Well there is no doubt of the size, the long life, the location, but the COST ?

Aagh, yes, the economics, the most important ingrediant of a Tier 1 asset, LTR has 156 m/t @ 1.4% and whilst thats impressive, a good percentage of that grade lies 200 - 300m under ground, now that is a shit load of dirt to remove before you get to the good stuff, I acknowledge that there is an open cut section of the mine and I believe that would be profitable but the average grade dips to 1.1/2 in alot of sections,......

The DFS is due Q4 and that will tell us alot more as to whether KV qualifies to be a TIER 1 asset regards to cost , profitability and grade, until that document is provided , no company would dare touch it and certainly not BHP lol, if they were to take anyone over it would be GLN or GXY or both if they couldnt be bothered exploring themseves, IMO , both have premium grade and are definite Tier 1 , LTR...........yet to be determined, so the statement is misleading IMO

I am here for Moora, nothing else matters, my lithium needs are invested elsewhere, nothing beats the premium tier 1 in the savannah plus offtake !!

IMO