Well done.....
At least one person has some counter arguments to what I posted.....
You didn't really refute what I said....
Just explained why LTR has those costs etc......
Recovery
What you say is true.....
Lab work is limited in what it can do.....
Every ore body is different....
PLS will be different to LTRs......
My point however is.....
Not one producer has recoveries anywhere near what LTR claims to get..78%......
UG Mining:
Yes it is mine engineering.....
Unfortunately LTRs ore body is very deep.....very deep.....
As you say UG costs more.....
That was my point.....
Power Costs
Again agree with what you say.....
Most companies do use a BOO contract these days....
You missed my point.....
My point was Zenith have had to double up.....
At probably twice the cost....
So it can run 100% on renewables AND 100% on fossil fuel generators.....
Double the capex will result in higher charges a kwh....
Freight
Again agree with you.....
LTR can't choose where its resource is......
Unfortunately it does add to the cost......
They could choose to have offtakes in China, 2 thirds are in US....
WOF:
Yes tailings dams are understood.....
WOF uses chemical reagents requiring tailings dams....
Initially part of capex, becomes part of AISC ongoing.....
They may store DMS rejected ore as tailings, it is just waste....
Not contaminated......
Sigmas tailings, all DMS, are repurposed, zero impact....
FIFO:
My point was merely it adds to the cost.....
Yes FIFO widely used inc PLS......
Many low cost producers don't though....
Trouble is LTR is high cost on many fronts......
It all adds up......
Management:
Disagree with you there......
Surely at least 1 BOD member should have lithium experience.....
Imagine a company like Woodside with not one person on BOD with O&G experience....
The same can be said for every level of management down.....
Still no one has named one person with LIT experience, certainly not COO etc.....
What about Interest repayments.....
You made no comment on that....
Yes many of these items are out of LTRs control.....
Many aren't......
My main point is LTR is high cost on every point.....
Most companies might have 2 or 3 of the above points, but not all !!!!
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