Cool,So we will just have to sit it out for now and see what...

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Juggler72

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10/01/24

12:22

Post #: 71810137
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Originally posted by WhatsTheTip: ↑

@Juggler72 thats a very unlikely scenario IMO.

Core's next two mines are most likely to be the ones they are continuing Scoping studies around (BP33 / Carlton). They will supply ore for Core into the 2030's. BP33 is likely to be in production before any new find would even be drilled to a Measured/Indicated status, let alone permitted with a DFS level Scoping study completed enabling a FID. Core's not trying to find 2nd deposit to develop to production. Core already knows what that one is - its BP33.

While it would be nice to get a sugar rush from good drill results, the value in Core is developing the best of the resources it knows exist. Those resources have good grades and are near port. They get good recovery rates for the material presented to the DMS. There's a lot of fines not getting to the DMS which present an opportunity for a smaller flotation plant to increase recoveries. The impurity mix is sufficiently compelling that Core's customers were prepared to do a pre-offtake additional offtake. They want more not less of Core's product.

Core is in preserving cash mode, not splashing cash on drilling 2030's production targets.

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Cool,So we will just have to sit it out for now and see what happens and hope that the 2023 drilling campaigne brings some half decent results and the Li price can rebound.About all we got for now.Short term not looking good,definetly a long term play though.
Cheers

CXO Price at posting: 19.3¢ Sentiment: Hold Disclosure: Held
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