Banter and general comments, page-37796

The process plant was still processing stocked ore the last I had read but the mining process had ceased, LTR's cost base for production is almost half of what CXO is and it doesn't have to deal with monsoonal weather either, the SP is 7.5 x CXO and it's not even running yet. I sold out of LTR ages ago looking at getting back into Li, but I'd say there's going to be a long wait before Li prices come good again. I hope CXO doesn't fold, but I think it's got a few tough years ahead itself, more mines coming online in Australia and around the world, existing mines that can process at a much cheaper rate and overseas where labour is much cheaper with a falling price of Li spod is not a good place to be ATM.