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Ann: March 2024 Quarter Results Presentation, page-16

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    1. They are not going to write it off they are going to keep working till they fix it.
    2. We are somewhat advantaged that they are doing the learning and rectification works when the LiOH price is depressed.
    3. they will use the learnings on the second plant.


    It's not quite as simple as a gravity sep. plant or float plant to produce spodumene. Which is why there is a huge markup for the Li processed to LiOH. I've seen the metallurgists and engineers struggle with hydromet plants before converting ilmenite to TiO2. When it becomes an effective refinery it a profit centre for decades.


    All IMVHO
 
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