You're lying.
It's not a fact that LTR are losing money every day they operate this mine with today's lithium price. That's your interpretation.
Any mine loses money during ramp up, and that's the reason LTR very probably (although nobody knows for sure and therefore it's not a fact) is losing money. But not because of today's lithium price. The impact of REAL selling price on the accounts will be known once they declare it on the quarterly. Meanwhile, there are not facts about cash position in LTR.
By now, LTR is selling this month its firts cargo of over 10,000 mt spod concentrate. The price will be above spot price (that's the reason of having a formula-based price and not risking to sell at market conditions). How much above that is unknown. And how much will be the cost of production is also unknown, but no mining costs (which are normally among the highests) are associated to the production for the moment.
So you have NO FACTS. Just wondering about.
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Open | High | Low | Value | Volume |
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16 | 305827 | 0.825 |
16 | 197810 | 0.820 |
7 | 342979 | 0.815 |
11 | 174828 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 53840 | 6 |
0.840 | 70000 | 2 |
0.845 | 62634 | 3 |
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