Greenbushes has been producing spodumene to the world market for years.
Enough there for 1mt or 150k spodumene concentrate p.a. equating to $75m revenue per annum.
Enough Ta for approx 300,000 lbs per annum equating to $23m
So revenues around $100m.
Low cost operation - open pit, private land (less approvals/quicker to develop/no clearing), very simple metallury involving gravity separation.
Operating costs will be quite low leading to high margins.
Market looks at figures vs targets - Ta was below expectations but spodumene above - from the above you can see spodumene makes up the bulk of revenue anyway.
GXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
