We know Gangfen paid NMT $30m just to prevent them “buying” at market price some 56k tonnes spodumene per year from the Mount Marion plant, it may be running at full chuck processing the Mount Marion ore but if they did take WIN ore it would extend the mine life of Mount Marion and that of the processing plant. We know there’s infrastructure already provided at WIN site and the lithium deposit is close to surface so even though the percentages are not high the extraction costs may be lower than normal, not sure the roads if any to Mount Marion processing plant but if ore can be hauled there it might make financial sense. Like you I’ve also been wondering if using the Mount Marion processing plant would be viable option but unsure the road link and haul costs, we just need to wait and see, fingers crossed we get news soon as be nice to get share back into the 50’s, Loop.
WIN Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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