Beecher doesn’t even have a defined resource and has zero feasibility studies
Look closely at ALL the results. The resource is sub 1% Lithium oxide.
1.6% lithium oxide, seen at Firefinch’s world-class Goulamina project in Mali, is the “gold standard”.
1.5% is likely to be commercial.
1% last
year was commercial but with looming oversupply unlikely to get into productionOf course metallurgy is very important. The cleaner the concentrate, the better the price that a spodumene producer will get from the downstream processor.
But with Beecher it’s an unknown.
Right now Iris is likely to take a haircut, I don’t see it being worth $136m.
Beecher is not going to get into production anytime soon, if ever.
My opinion
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