Don’t forget the tantalum. The flowsheet was designed also to...

First 41911 Last

Share
Profile

Follow
vmp

13,526 Posts.

9304

29/07/24

11:14

Post #: 74960178
Share

Originally posted by vmp ↑

It’s time to ignore noises folks and focus on the arrival of the LTR train

What we know

Peers realised prices are as much as USD420/t lower compared to reported SC6 contracted prices -these positions Ltr to achieve as much as $400m cash pa above mediocre projects

Spodumene with grades as low as 2.1% and hundreds of thousands of tonnes at 4% are selling - Yeap customers must be desperate to accept these grades. Implication: there might be an over supply of crappy grades, but not premium grades

There are spruikers showing Africa is dotted with many lithium mines, however a number of these are conceptual and some are also either wrapped in corruption or the size of their project is dust in a scale, drop in a bucket, pollen in the wind, they don’t count in the scheme of things. Same as SA, some projects there have been building since 2017 but their capacity are 2,000 tonnes, not even worth mentioning.

Apparent manipulation of spot prices have caused a number of projects to fall out or uneconomical - even pls made only $100m in the last 9 months. Just imagine guys, PLS have been pumping more than 600k tonnes spodumene for a $100m profit to electrify a million cars. Just imagine guys, a $9 billion company making less than 1/3 of the $300m that pokies in Fairfield generated. So are you saying it’s okay for a $9 billion company with 500 employees and blasting million s of tonnes of rocks to make less than 1/6 of pokies in Canterbury and Fairfield? By the way their $3.3b cash 12 months ago is now down quickly to $1.6b and are expected to spend $1.5n on their WOF, whilst the pokies are resilient

LTR will become a producer this week, end of July, it appears the WOF is yielding 6.3% and a % of recovery that will surprise many.

What we don’t know

Dunno if Ltr will produce a monthly progress report during the ramp up. If recoveries are north of 80% market should be put on notice.

A big week ahead. I’m expecting Ltr will make more money than polices in Canterbury and Fairfield.

all imo

Expand

Don’t forget the tantalum. The flowsheet was designed also to optimise tantalum recovery

It looks like the tantalum revenue is enough to pay all labour related costs, both production and admin.

Do the math

‘Tantalum pentoxide prices, having much lower price volatility, range from US$250 to $310 per kilogram dependent on the quality.’

LTR Price at posting: 98.0¢ Sentiment: Buy Disclosure: Held
34 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

AKO

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

ASX Market Open: ASX200 to open weak on Wall Street losses, as US investors factor in a lower Fed rate cut next month | October 8, 2024

SS1

Sun Silver finds up to 524 g/t silver through pXRF readings in Nevada

POS

Poseidon Nickel lines up its first gold drill target at the Billy Ray prospect, Lake Johnston

There are more pages in this discussion • 2,860 more messages in this thread...

First 41911 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last 88.0¢		Change 0.140(18.9%)		Mkt cap ! $2.134B

Open	High	Low	Value	Volume
81.0¢	89.5¢	77.5¢	$33.01M	39.72M

Buyers (Bids)

No.	Vol.	Price($)
3	43866	88.0¢

Sellers (Offers)

Price($)	Vol.	No.
88.5¢	64648	5

View Market Depth

No.	Vol.	Price($)
3	43866	0.880
4	357107	0.875
6	212613	0.870
4	567221	0.865
6	169721	0.860

Price($)	Vol.	No.
0.885	64648	5
0.890	94097	6
0.895	65697	10
0.900	428593	23
0.905	18314	5

Last trade - 16.10pm 07/10/2024 (20 minute delay)

LTR (ASX) Chart

Don’t forget the tantalum. The flowsheet was designed also to...

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

ASX Market Open: ASX200 to open weak on Wall Street losses, as US investors factor in a lower Fed rate cut next month | October 8, 2024

Sun Silver finds up to 524 g/t silver through pXRF readings in Nevada

Poseidon Nickel lines up its first gold drill target at the Billy Ray prospect, Lake Johnston

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Don’t forget the tantalum. The flowsheet was designed also to...

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

ASX Market Open: ASX200 to open weak on Wall Street losses, as US investors factor in a lower Fed rate cut next month | October 8, 2024

Sun Silver finds up to 524 g/t silver through pXRF readings in Nevada

Poseidon Nickel lines up its first gold drill target at the Billy Ray prospect, Lake Johnston

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News