Semi the problem with vanilla markets is provided in margin curve and increased competition...There might be more to this...Not only this to purify at to battery grade require more grinding and loss of yield....I know for example if starting grade was a mere 8% TGC the yield could be as low as two thirds.
This has a direct effect on plant size and capex size....less yield means more expense
with a higher ROM.And then China specialise on this market....This what was said to me along time ago when I first become involved with Walkabout Resource and have never looked back.
Why would One design a start up competing against the best in the world?
Lots of question and hope management stick the course with expandables.But then I can see no real reason they would change based on Ready markets and supply unable to support today's markets.
Croc
WKT Fundamentals, page-784
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