1MC 16.7% 0.3¢ morella corporation limited

This babies a winner, what more could you ask for?? Maybe a SP...

  1. 410 Posts.
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    This babies a winner, what more could you ask for??
    Maybe a SP increase!!! IMO
    Lithium
    Altura is now fully funded into production following completion of its US$110 million debt facility – subsequent to the June 2017 quarter end
    Project commissioning on track for Q1 2018
    Construction activities at Altura’s Pilgangoora mine site continued during the quarter
    Major contracts awarded for process plant construction, logistics and power generation
    Binding offtake agreements (BOA) confirm strong demand for Altura’s spodumene
    - The two BOA’s cover an aggregate minimum total of 200,000 tonnes of 6% grade spodumene concentrate per annum which represents over 90% of current planned annual production
    - BOA’s have a minimum price of US$550 dmt (FOB) and a maximum price of US$950 dmt (FOB) for the first 3 years
    Company to undertake a scoping study into a Stage 2 expansion of the Project during Q3 2017
 
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