ESS 0.00% 50.0¢ essential metals limited

Ann: Mining lease lodged over Dome North Lithium Resource, page-18

  1. w27
    2,454 Posts.
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    I am sure that DSO is a live option. By the time we have a mining lease (say six months) we will have a better idea of how we go forward. Exactly the best way to proceed depends on what offers are on the table. Unless we have a problem with getting the necessary finance, I think that DSO is not an attractive option. On the information available, the return per ton of ore is very much less for DSO than it is for spodumene concentrate. Then we have to consider the value of early return against the value of a dollar in a few years time and the likely price. Hopefully our people will make the right decision. We have the huge advantage of ore to the surface and so very little capital or time requirement to start mining and shipping ore.
 
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