re: Ann: Quarterly Activities and Cashflow Re...
It sounds like they can't produce spodumene viably or there is no market for it. The big market for spodumene isn't the battery industry, so I don't buy the line about not wanting to sell to competitors, no mention of tantalum either. Begs the question, why mine at all? The sort of question that should you would think would be asked up front, especially when your established competitor has more than 3 times the grade and there is no shortage of local suppliers.
Now it looks more like an industrial than a resource play. Next question how much does it cost them to convert the spod to carbonate? No mention of running costs in the quarterly. I guess you can excuse that for a while due to "ramp-up", but would have thought some indication would be due. Also wouldn't have thought that this qualification process shouldn't take too long. Surely its just a matter of getting a lab to test a few samples?
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