You're being way too generous around the Envirostream model. Maybe I'm missing something but LME figures are as follows:
19/07/19 15/07/20 Al 1832 1627 Cu 6065 6507 Ni 14675 13281 Co 26500 28500 Li insignificant return Li2Co3 USD7.25/kg
AUD-USD 0.70 to 0.70 12 month period.
Can someone tell me where the "significant strengthening" is ? Volume and volume again to return any metal values and LME is not the number achieved - just small percentages of. Would it be safe to say that between today and the transition to positive cashflow predicted during the second half of FY21 there's a lot of fresh air. Could it also be said that this predicted positive cash flow hinges on this also predicted Stewardship Scheme ? Yet despite all the COVID hype and mention of supply being hit for six the plant is "operating at commercial throughputs" - what's that 1,000 kgs, 10,000 kgs or the design capacity p.a.? LIT is going to have to fund this baby for a very long time. There's a lot of gloss in this entire ASX Announcement.
LIT Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held
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