@dazthemiller@RobP111 - I had similar thoughts re: the timeframes. Publish an Initially smaller MRE, use this to inform and progress other pre-mining processes, get mining quick and in parallel continue to update the MRE as they extend the drilling.
I think it was the LTR AGM where it was noted that a number of Financial analysts had estimated more Li supply would come online in CY 24 - 25 and this would impact the market pricing. Specific examples were given where companies originally targeting these dates to commence shipping ore would no longer meet these (some by 3+ years).
MinRes have/ had probably being mulling over this potential supply gap as well (and it's probably been a key piece of information in them acquiring their stake in DLI so quickly). If we can supply ore to their yet to be published grand plan and do it during a period of escalating price pressure, it would look like genius! And should be considerably profitable.
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23.0¢ |
Change
-0.010(4.17%) |
Mkt cap ! $164.0M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 23.0¢ | $116.5K | 502.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 83913 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 33766 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 83913 | 0.230 |
2 | 60000 | 0.225 |
5 | 61795 | 0.220 |
1 | 70000 | 0.215 |
2 | 102000 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 33766 | 2 |
0.240 | 120867 | 3 |
0.250 | 15000 | 1 |
0.255 | 165316 | 3 |
0.260 | 117393 | 4 |
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