LTR (ASX) Ann: Production passes 10,000t spodumene concentrate

Originally posted by anatol ↑

LTR is now being the best lithium project in the world.

I'll make a post about the details of topics below. Of course by giving the facts.

We should just make our own research and never rely on the manipulative media news.

Producing 10kt spod at 5.2% grade in first month is really amazing.
That shows me that LTR's plant design and the team working on it are all excellent.

LTR's ramp up period is very successful. Even I'm amazed. Producing 10kt spod at 5.2% grade in first month is really amazing. The ore feed tonnage and grade will be increased slowly. That's the normal procedure in ramp up process.

The Someone now must be very angry about that. "It" has nothing to do anyway, other than bombing our process plant LOL.

KV Project is better than Greenbushes.

Greenbushes can only make money when it uses over 2% grade ore.

Greenbushes process plant have low recovery rates (CGP1: 75%, CGP2: 67%)

Greenbushes process plants are very messy because it's not a one-time design but full of add-ons and modifications over the years.

Grade is king!

KV Project is the king of the lithium projects.

When the prices are low the high grade mines are being the kings.

Go underground for reaching high grade ore early!

Having underground mine now is the biggst advantage of LTR

KV has a lots of early reachable high grade over 2% ore due to its U/G mining design plan.

LTR has designed and started a U/G mine. That's now well understood that LTR did the right design. Big advantage.

Everyone wants have an underground mine now,
MIN's CEO Chris Ellision revealed!

Most of the other projects now want to go underground; including Greenbushes and Wodgina but that's not going to be possible for those. Only Mt Marion started it but for very low grade ore. PLS also mentioned about going U/G. It's too late for PLS IMO.

Wodgina, Mt Marion, Bald Hill of MIN won't make money at this spod price level of USD$750/t. MIN's CEO C. Ellison said that openly.

PLS too (like MIN) must reduce its production otherwise it will be making loss.

If MIN says its Wodgina project cost is going to be US$800-$900/t, then PLS's cost will be at the same range as they are both very similar resources (Even Wodgina has a newer plant).

PLS can't produce and profit at spod price lower than US$1000/t either because;

PLS is processing its high grade ore at 1.5% when its ave. resources grade is 1.15%, and its an open pit resource.

PLS will run out of high grade ore in its open pit soon and will have to use its low grade ore because it's an open pit mine and can't reach to high grade ore easily.

They have to remove a lot overburden waste rock over the the high grade pegmatites for reaching them.

Western world is now building its own lithium supply chain. Just wait and see.

LG is being the hope of western supply chain.

LG and LTR have now very strong connections.

LG will raise, LTR will raise.

LTR will not sell its quality spod at cheap price like the other Australian producers.

LTR will make money in any case and will stay alive until the market recovers.

The market will recover soon because the demand is increasing while the supply is decreasing due to low lithium prices.

Expand

The FUD now is the african supply that some are reporting have come into existence. Everyone is guessing or doubting.

No.	Vol.	Price($)
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0.610	487392	4
0.615	209885	5
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0.630	54000	3

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487392

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54000

(20min delay)
Last 61.0¢		Change -0.040(6.15%)		Mkt cap ! $1.479B

Open	High	Low	Value	Volume
62.5¢	64.5¢	60.0¢	$11.74M	18.88M

The FUD now is the african supply that some are reporting have...

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