"It is obvious that LTR management also thinks that LTR is the lowest cost producer after Greenbushes".
I don't know where on earth you've gotten this from. I tuned in to both the AGM and also the videocall update from a few weeks ago, and I absolutely did not get this impression. What's obvious is that LTR management rightfully think that their mine and plant is absolutely start of the art. Which it is. And LTR's mine will definitely be competitive on a cost basis.
For all of the great value you bring to the LTR forum Anatol, you have a strange vendetta against PLS. I own more LTR shares than PLS shares, but PLS in my view will always be the most cost competitive operation. Sure, it's lower grade and probably lower recoveries than LTR will feature when it's reached nameplate and steady-state operations, but PLS has greater volumes (and economies of scale), is open pit (lower cost) and closer to the port.
For the record, I happily purchased more LTR today.
LTR Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
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