I think Mt Cattlin is more 3.0 now with the YOP complete. Bumping production up from the initial 139,000 tonnes has been impressive for me.
Investors here are not taking the time to look around from their island to see what is going on with the other companies.
Please forgive me those diversified into other miners as I go around the room a little. Perhaps adjust my view if I am wrong.
AJM are in heavy amount of debt and I haven't done the numbers exactly but I don't see much of a silver lining when it comes to profitability to pay down the debt.
PLS have had prepayments for stage 2 which they have but on ice. They are talking with POSCO about a buy in for a converter but cannot bring the goods. I don't see that going too well in negotiations etcetera
A40 as has been pointed out are up against the wall. It's do or die time for them. I don't know why in their update to the market they didn't mention that shipment being booked, but as has been pointed out it's probably not going to be enough even if they pumped out all that they have.
MIN have declared with their partner that they are having pricing of $609 but probably like Greenbushes there is transfer pricing taking place at least on 50% of it. Plus there is reports of their Wodgina having uranium leaking from their tailings ponds and the possibility of Albemarle walking away from their $1.4 billion investment. More time.. we need more time.
Nemaska are at around 27c and want to sell 50% at 25c then hope investors after that dilution are willing to pay 25c and raise another $400 million. I'm so interested in how this will go. Another promise of having enough to build like the ones before. Will they be able to make it happen?
LPD have done 10 days of continuous process using L-Max, and one thing I spotted is the production of lithium sulfate which is a precursor to the NMX lithium hydroxide process.
It seems to me that the lithium world is imploding around us and Galaxy are up in the hills working of direct extraction from Sal De Vida that brings production time down from 12 months or so to 24 hours.
Then Tesla have come out with a plan to build massive batteries that require more lithium and outside of China the only supply comes from South America.
It's about ten bigger picture my fellow posters.
You all need to take your eyes off the island and see what is happening elsewhere to confirm if you're on the right one or not.
