Even better, it is 1.38% (not 1.83%) mica content.
I wonder how much they can improve the recovery. 70-80% would be nice. The 2017 pricing is for 120,000 dmt. Is GXY selling the excess spodumene (~40,000 dmt) on the spot market? And then there are the tantalum credits.
I don't expect a crazy SP move on these news today. But it is a nice reminder that GXY is making money every day....440 mt of spodumene to be precisely= ~AUD 500,000 a day in revenue!!!
Lithium and Cobalt are not the favoured flavours of the ASX at the moment. The greedy banks are in fashion atm.
GLTA