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22/01/16

12:20

Post #: 16849257
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Originally posted by Cassandra ↑

In their feasibility study, the company said that in Olaroz they were building a plant capable of delivering 17,500 metric tonnes of lithium carbonate per year: in common engineering parlance, this is often referred to as the ‘nameplate capacity.’

In this case this is equivalent to a production of about 50 tonnes of Li2CO3 per day.

After a while, management began taking about the ‘breakeven capacity’ the production ate which sales will be equal to costs – although they never specified what costs they were referring to.

More recently they said to have reached a capacity of 20 tonnes per day.

Cassandra, qui non crediderunt

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imo Great Project, but under achieving management. What are we up to, three CR's to get things right.

So are they saying don't expect any improvement until September? As they happily dilute retail holders to the hilt to cover themselves to September 2016? Their only priority is satisfying their JV partner and existing shareholders can like it or lump it.

ORE Price at posting: $2.35 Sentiment: Hold Disclosure: Not Held
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