So the date for prepayment has now been dropped and the time frame is now uncertain.
Interesting choice of words:
The sale of 60,000t of lithium concentrate had beentargeted at converters in the lithium carbonate and lithium hydroxide market. It is intended that the balance of any additional and future production may also be sold to a range of downstream converters, including lithium carbonate, lithium hydroxide and cathode markets.
Sal De Vida looks like starting a demo at 600 to 1200 tpa. No doubt there would be sales of the product and has the potential to provide cash flow during construction. Would be interested to see the potential figures being thrown around on this demonstration operation. Hopefully it is expanded on within the reviewed DFS.
GXY Price at posting:
34.5¢ Sentiment: None Disclosure: Held