So looking at the DFS C1 costs around US$350,asic of about US$440(Over life of mine) and based on a spod price of US$850 for SC6.
Ore about 1.5 % and supposed to be coarse,numerous test showed it could achieve 5.8% SC6 at 70%+ recoveries
So where are we now.
Interestingly spod is at about $1100 for SC6.
C1 costs sit from anywhere between AU$900 right up to about AU$1960 due to various reasons stripping,doubling of ore etc
As WTT has explained majority of the stripping has all been done and costs should be much lower which puzzles me with what is actually going on in this area,company has not explained it to well.
The processing plant is producing 4.8% at recovery rate of 63% at a realised spod price of US$650 (Seems low)but can produce SC6 at a reduced recovery.
So some questions to come out of this when you refer Grants pit as a dud.
What has changed with the initial C1 Costs projections ?
Not like wages have increased in the past 3-4 years,been pretty stagnant,which is your biggest on going cost.
Is the % of lithium lower than what they quoted in the DFS and not as coarse as they first thought ?
Given that test results showed on numerous times that we could achieve 5.8% at 70%+ recoveries was the test results flawed in anyway for some reason,reasons ?
Or do we have a problem with the processing plant and the contractors ?
Then would probably have to ask on your assumption that Grants is a dud,What is going to be the difference between Grants and BP33 ?
Lots of questions not many answers.
Makes me feel like rocking up to the AGM and grilling the BOD
on what is actually going on here.
Cheers
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