PLS 6.59% $2.41 pilbara minerals limited

Lithium Demand surge, page-972

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    I find this a really useful resource:

    http://rocktechlithium.com/lithium-conversion-table/

    So to use an example. We take our 6% SC which really means the concentrate holds 6% Li2O. Using the table above the actual lithium content is 0.06 x 0.464 = .0278.

    Using the same table the Li content of Hydroxide is 0.165. Therefore 0.165/0.0278 = 5.935x the Li content.

    As such I round up to 7 as it is a nice number but also 5.935/7 = 84.8% recovery rates from the refinery. They might fluctuate a bit higher or lower than this but c. 85% recovery tends to be a good rule of thumb.

    You can follow the same process for Carbonate.

    Hope that helps
 
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