Ann: Orocobre Limited - Naraha Lithium Hydroxide Plant Approved, page-25

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niu

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21/04/19

17:35

Post #: 38221494
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Originally posted by rising: ↑

Further comments from Jim Lowry who does not like ORE at all.

Orocobre - I have been much less critical of ORE the past couple of years. They are producing but continue to have both volume and quality issues which I don’t need to keep talking about. What is noteworthy is their new hydroxide project in Japan seems to be making the same type of project execution related mistakes they did in Jujuy. I will write more about this as time goes by but a fundamental question to ask is – if one of the top hydroxide producers (Livent) struggled to use ORE primary grade as feedstock for battery quality hydroxide, how is ORE/TTC going to use the product with a process that hasn’t even been properly piloted? ORE's recent earnings update makes it clear how producers of lower quality product fare when there is not a significant shortage.

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He certainly doesn't like ORE and has made no secret of that.

I'm not sure how valid his gripe about piloting is - I would be surprised if he has eyes within the Veolia organisation. We haven't been told the extent/scale of test work but it did run for a reasonable duration. Veolia are not newcomers to Lithium processing - I would expect that there should be some pretty tight performance guarantees in the contract.
http://www.veoliawatertech.com/news-resources/case-studies/hpd-lithium-chloride-argentina.htm
http://technomaps.veoliawatertechnologies.com/processes/lib/pdfs/hpd/3756-VWS-2015-Lithium_6p_4-28LR.pdf

ORE Price at posting: $3.37 Sentiment: Buy Disclosure: Held
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0 Great analysis

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