The maiden IO shipment did incur some one-off costs,pre-stripping etc..Management should be able to come up with a base case figure using both handling scenario's and make a buck from a floating IO spot price.
The Lithium exposure through the LEL holding could amount to a motza given the amounts paid by companies taking a position in Argentina Lithium at the moment.How much upside we will have to see when LEL publishes its JORC in a few weeks.
A $2 LEL share price,(not holding),not beyond the realms of possibility.
The maiden IO shipment did incur some one-off...
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