LTR is much ahead of the pack. I'm not expecting the poor Mr Market will understand that easily. Mr Market will see the advantages of this first U/G lithium mine slowly. That's why the current sp is unbelievably cheap IMO.
These are the important parts for me.;
...it is expected to offer distinct advantages over traditional openpit operations,
through cleaner ore extraction by reducing ore dilution from waste contamination,
supporting higher lithia recoveries and improved ore fragmentation for optimised throughput.
with a head grade of ~1.5% Li2O and recoveries exceeding 70%,
with further optimisation through recovery improvement projects still to come.
We already have the high grade.
Now our recovery rate will be 70% +, and will be increasing by further optimisation works.
As I explained on my post #: 78498303, the plant feed ore grade and the plant recovery rate are both the key things in lithium processing business. That's what we have achieved now.
If you can have a look at my old post you will see the advantage we have had now.
We will feed 4.9t ore to the crushers by using 1.5% grade ore at 70% plant recovery rate instead of feeding 6.1t ore at 1.3% grade at 65% recovery rate.
That will reduce our cost a lot.
LTR Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
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