Good stuff, Tacair. It's pointless at the moment to dwell too much on what might be seen as questionable aspects of the Carlton resource IMO. As long as the metrics stand up for Grants and BP33 to allow for profitable operation over the first few years it provides ample time for further exploration to prove up or expand both Carlton and subsequent deposits. We may even find that when the Grants pit is fully dug that drilling carried out at the bottom reveals further high grade mineralisation at even greater depth suitable for underground mining.
It'll be interesting to view the upcoming quarterlies of the larger lithium miners to see how the current low price has affected their profitability. Presumably if there was insufficient profit they'd be forced to suspend operations. Then at some point supply would dwindle to force prices up again.
CXO Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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