holy S#*T!
phase 2 has been upgraded from 17500 to 25000
accelerated progress for phase 2, commissioning 2019
toyota buying in at 7.50, shareholders get the chance to load up more at 6.50...nice!
LiOH is happening and costs will be 1500/t down 40% from 2500/t
LiOH will be funded using just 6mill equity from ORE, with 30% capex subsidy funding from japanese govt
prices are up, output is up, costs are down, margins are up.
this will result in some massive upgrades/ rerates, i expect at least 20-30% broker PT upgrades.
I'm already overweight ORE at 3.00 but will have to buy some more.
next stop 8.00! probably 10.00 by end of 2018, even quicker than i anticipated.
i need to say it again... 25,000...wow! thats an extra 7,500T at an even lower cost than currently, suggesting margins of at least 8,000 USD/tonne (i.e. read it as 60 million USD gross profit increase after capes costs etc....)
stick that in your DCF models brokers!
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