CXO DSO price is $951 USD per ton. If ESS DSO price at $700 per...

CXO DSO price is $951 USD per ton. If ESS DSO price at $700 per ton.

700*11.2*1000000 ~=7.8 B

Now calculting cost. spodumene cost is $500~600 per ton, 6 ton of ore may processs to around 1 ton of spodumene concentrate. So ore processing is around $100 or less.

ESS mine is shallow, ore processing is much easier, so the cost won't be high. For ship cost, it would be great if they can use railway.

To be honest, I don't understand why investors here are so panic . If China has such a good mine, their MC is already five times.

I hope ESS can focus on final plant and deliver it ASAP.