@vmpGreat post. Thank you. Yes goodwill is very important. It's...

@vmp
Great post. Thank you.

Yes goodwill is very important. It's an asset.

And yes LTR is going to be a low cost producer because of its high grade and high quality ore with low impurities and brand new/high tech processing plant.

I have actually mentioned the importance of being a low cost producer many times but it may not be understood well by LTR holders at this stage because we are very much excited.

However being a low cost producer is our insurance policy. It's one of 3 main reasons makes me confortable for holding my LTR shares.

In these days and maybe in next 5-10 years lithium producers will make good profits according to the forecasts. They will not feel any costing pressure. It will not matter much how low the production cost will be. For example when LTR's cost is $450/t for 6% spod (SC6) it will be selling it at say $5000/t. A high cost producer's cost will be $650/t for 5.3% spod and it will be selling it say $4000/t. Both will be making huge profits.

However when the market conditions are changed, when everything is down, that it could be because of many reasons, it could happen next week or next year or 4 years later.., say it went down to the price which LTR considered as its sales price for life of mine, which is $1390/t, then the high cost producer will be in big trouble.

Because, when LTR is selling 6% spod at $1390/t, the high cost producer will have to sell its 5.3% spod maybe best at $900/t.

That means when LTR is making 300% profit, the high cost producer will not be making 50%.

Then the high cost producer will have a financial melt down and disappear. That was how Altura (AJM) and A40 were bankrupted in 2019.

This high /low cost issue is very important and carefully considered by the major miners when they are making an acquisition. So it's very important for me too. Because I'm thinking to hold LTR for a long time and expecting to get dividends, I will be confident and feel safe for the future.