Been buying KAI again. China is paying $6,841 per delivered metric ton of 5.5% lithium concentrate based on the latest BMX auctions. if you start with 1.0% per ton lithium, it works out to $1,244 per metric ton revenue. Profit margin for the big Australian producers are currently running from 35 to 40%. Big lithium producers are all around the Mt. York property, not too far of a stretch to think KAI could be on to something valuable. DYODD - my calculations could be off.
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