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If you assume long term price of 6% spod con is US$800/t, then...

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    If you assume long term price of 6% spod con is US$800/t, then in ground 1.5% Li20 is max US$200/t (because u need 4t at 100% recovery to make 6%) not taking into account extraction, processing, transport costs which would reduce this. Still big numbers, but $10k/t for in ground value is not right if you make concentrate. If you make your own hydroxide then you might need 40t of ore for 1t hydroxide, but you might get US$20k for it, so max in ground rises to $US$500/t less all the costs as above. You also need to amortise CAPEX in both scenarios and mine life needs to support each operation option.
 
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