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11:31
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Originally posted by Scarpa
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Certainly a smart move for what they have done, and again shows what good management can do. But to correct these statements, what you both are quoting includes State Government royalties - royalties here in your table predominantly relates to the 5% royalty on spodumene at State level plus the royalty they were meant to pay to the company. If you believe this number as relating to only the royalty you no longer have to pay, but you still must pay State Government royalty, the spodumene price would need to be north of US$5000 per tonne for 6% grade spodumene.
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I agree with your analyses, I also believe that it is a good strategic play to have a clean ship as a large JV will join this quality outfit IMO. I disagree with the outlook for Spod $. I read your view and its what it is, however Lit prices are not substantially changing the price of an EV. I can see Spod prices settling this decade well above $1k. Its more likely they trying to bring prices down by getting rid off cobalt and other expensive materials that can be replaced or reduced.
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