Great news !!! Share price should drop back to 24.5c in no time now! (given what previous good new announcements have done to our share price!) lol
But seriously that means Mt Marion has put out about 110,000t this financial year - which I calculate will earn us somewhere just over 10mil in revenue for the 5 months operating. Not too bad at all, and more importantly production in the last month is now over 30,000t which puts us well on target for the expected annual 400,000t output. If the majority of this is 6% spod this will well and truely put us above 40mil revenue per year!
If mount Cattlin has a target output of 160,000 per year I wonder how much they have shipped since they commenced production in Jan.... ???
Their 650+mil MC vs our ~150mil MC is really starting to look unsustainable , either their SP is heading for a major downward correction or ours is heading for a major upwards one.......
Personally I'm hoping for the later.
Buying anything under 40c on this stock really is a no brainer.......
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- Ann: Mt Marion Lithium Operation Update
Great news !!! Share price should drop back to 24.5c in no time...
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