So five things to look forward to imo;
1) Nameplate capacity and recovery rate to achieve a cost of USD 320-350. Presentation says this will be Q4 FY2020. ie the June quarter next year. This alone will provide a 50% approx. margin at the current price. I think that the production capacity will be progressively tweaked going forward in order to optimise capital investment - they have said this!
2) Posco JV anno current qtr.
3) Partnering arrangement
4) Improvement in Li pricing (or, hope that it doesn't fall any further)
5) Positive exploration results going forward
Still a "hold" imo with significant upside over the next 12 months and the potential to spike up on a favourable partnering announcement.
GLTA Longs
So five things to look forward to imo; 1) Nameplate capacity and...
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