Hi L Plated,
From what I can tell, that number is current as of 04/04/23 and includes the currently known Finniss mineral resources (12/07/22 + BP33 upgrade).
It includes Grants, BP33 (update), Carlton, Hang Gong, Sandras, Lees, Ah Hoy and booths which have a total Li20 metal content of 332.1kt.
332,100 x 2.473 (the LCE conversion factor) = 821,283.3 t LCE or 0.82Mt LCE
But don't forget this $1677 figure is AUD/t of LCE which is currently going for about $47,250 AUD/t and we still have a lot of exploration to do. Also some of the left blue bubbles are a bit misleading - for instance the left most AKE bubble, includes the ol, ca, sdv projects (one which AKE lists as pre-development, one development and one expansion). PLL is also a blue dot but they are yet to have any production themselves (ignoring their 25% stake in SYA's NAL). SYA has just brought online NAL which the graph places at 2.76Mt LCE (yet that figure includes PLL's 25% stake).
Additionally, not all projects are created equal, CXO is a much lower cost project than a lot of other hard rock mines (according to DFS 23% cheaper than LTR). It's also difficult to compare brine to hard rock in such a simplistic graph, especially those relying on untested at scale DLE technologies (that according to this graph look like a steal).
In summary - this graph means bugger all, is highly misleading and only exists to push naïve investors onto "apparently cheap" projects.
As always, DYOR.
- Forums
- ASX - By Stock
- CXO
- Banter and general comments
Banter and general comments, page-25060
-
- There are more pages in this discussion • 14,322 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $246.4M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $471.0K | 4.064M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
94 | 5983940 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 2408476 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
93 | 5809488 | 0.115 |
123 | 6941935 | 0.110 |
76 | 4243130 | 0.105 |
147 | 10225926 | 0.100 |
8 | 320297 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 2099101 | 27 |
0.125 | 3461846 | 40 |
0.130 | 5889826 | 45 |
0.135 | 3295450 | 44 |
0.140 | 2882595 | 35 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
SBW
Shekel Brainweigh reports a 50% revenue increase in its Retail Innovation suite and delivers the first batch of 20 Smart Bays to Hitachi as part of a larger order
BM8
Learn of the ASX-listed company that is well-placed to respond to the future global energy demand
CXO (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online