@R22, And yet you hold LTR. Let me give you a tip. You might want to understand their latest Ann and why they are seeking better 'comminution' and why WOF.
On WOF I posted this ages ago, and admit the resource is good albeit you have to take at face value what the company is saying about deleterious elements which I have done over there - Post #:
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LTR do not have a homogeneous deposit and given its mining will predominantly be underground I do wonder how scalable that resource is given teh idea behind a Tier 1 resource is to dominate a market, and for the record I don't think I have ever used the term Tier 1 on AVZ's thread, unlike what happens over there, but if AVZ becomes a greenbushes in supply yes then Tier 1 can be flown around for AVZ - Post #:
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43092083 LTR's resource is hetrogeneous, and I suspect personally, like PLS, they are going to have to deal with technical issues of getting the right scope between the ball mill and SAG given the variability in resource, which is what a lot of testing i suspect is really inferred to in their latest Ann. WOF is the obvious choice too me there as they are seeking to produce a grade of resource above 6% Li20, but personally I wonder how much WOF is driven by ore variability as well, and if that is the case well that also means how reliable are your opex cost estimates especially also given the very high strip ratios over there in chasing of variable thin viens (not one large homogeneous pegmatite that AVZ has). The argument over there that been unecumbered is great is crap - you don't get to mining as an explorer without offtakes, and DRC well Ganfeng has signed on the bottom line. Also last I heard LTR does not have Offtakes nor funding, and yet to complete a DFS, so your funding comment equally applies to LTR.
Lets talk ore variability - LTR's latest Ann. What you need to do is solve for X. Also had a look at the two largest hits in the November 2019 Ann. Well solving for X, gee a lot viability in ore (despite headline grabbing grades in those Anns) and in between hitting the pegmatite layers a lot of strip ratio/overburden to remove.
Communition is essentially is about the efficiency of the grinding facility circuit (theSAG) and interaction with the ball milling facility (the ball mill) - thisarticle explains that concept
https://www.mech4study.com/2017/10/difference-between-sag-mill-vs-ball-mill.html.
What LTR is referring to is about essentially controlling the energy/flowrates used in one and how it transfers to the other, to optimise theflowrates between the two (SAG and Ball Mill). In a circuit you have to get the flow correct or you potentially block the efficient operations of othercircuits - in simplistic terms you need to match the flowput of the SAGthat comes out with the input feed and output of the ball mill so you don'thave 'blockages' in a very simple explanation (i.e.a bit more complex thanthat). Moderate competency means that the hardness of the rock for theballmill is moderate, not hard so probably easier to work with provided the SAGsettings operate as prescribed and flowput to the ball mill operates asassumed. It is concept and doesn't mean much unless of course youstuff up the process flowsheet and for example incorrectly use a hardness foryou rock setting in the ball mill setting that is not aligned to the moderatehardness assumed in your example or you get too much output from the SAG thatthe ball mill cannot handle etc etc etc etc - refer Table 2 to understand theinteraction -
https://www.ausenco.com/download/618
As to the other comments over there that AVZ will truck to port 3000 km, you might want to work out where the railways are and how the roads to the railways are been improved. As well as understand that the world's second largest copper project operates in DRC by Ivanhoe and will use the same railway as AVZ. And you might want to understand how the Pilabra rail and road systems hold up in the wet - gee transport systems can always be improved, but the resource is what it is.
I have posted fairly in thepast in LTR, but maybe I should just take a leaf out of some of your books and post not-objectively over there. But that is not my style, unlike some over there and you. My point is understand your own resource before slinging mud over the fence. Yes WA is a stable mining jurisdiction, but I have also seen governments in WA/Australia change taxation regimes, goal posts, change approval processes, seen construction blow out costs etc etc, Good resources will ultimately be developed whereever they are located, especially when shortfalls in that commodity are forecast.
As to some of the other comments in LTR, I suspect part of the SP there is driven by expectations around Moora. If Moora doesn't deliver I just wonder what will happen to its SP given its expected spodumene production date, no Offtakes, no finance in the lithium space. Every explorer has its issues is my point. It is why producers are first movers in a growing lithium market.
All IMO
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