Welsho same here. I must admit I still do not get how it is possible that PFS claims LMAX is worse than having 5,211 roasting price. I am really curious how is KC going to explain that. Is it possible that all the previous official estimates for LMAX were totally hugely off? Maybe the sulphate of potash credit went completely to hell? Now it is only very minor credit in PFS. The price estimate exactly as you write 1500 was in the 2016 investor presentation, only year and half ago. 1500 before tin/tungsten credit. In 2017 presentation there is no word about price at all. I guess they had to know already at that time something went wrong with the price. The PFS numbers are no doubt disappointment after previous calculations though Cínovec is still potentially lowest price hard-rock producer.
Ann: PFS confirms potential low cost lithium carbonate producer, page-27
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