DVP 2.09% $2.34 develop global limited

If you look at the diagram of the orebody they provided in the...

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    If you look at the diagram of the orebody they provided in the quarterly, it says it is open with arrows pointing downward and to the side of the resource meaning previous drilling didn’t find the end of the resource, so should expand. I’m expecting good news on this deposit soon, I can see they will use Minres’ lake Johnston plant to toll process it. If we can mine/haul it for $120AUD per tonne and sell it to min for current 1.2-1.5% Chinese Li02 prices, we will be making good margins if we pull 1MTPA of ore out of it. Let’s see what bill has planned though, we might still be building our own plant but the toll treating would be cheaper/probably a better IRR due to less capex upfront
 
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