Banter and general comments, page-29750

No post on HC can fix your pocket.
ONLY YOU CAN fix your pocket.
where are the experts and saviours now?
Are the charters protecting you now?
ONLY YOU CAN. Your understanding.
Twitter and HC people are as stupid as each other.
So what has changed? Bad decisions, bad problem solving, bad production numbers. There is still a lithium deficit.
There are customers for DSO and fines, these are not problems.
Recovery is not the problem. Profitability is the problem. Lower products achieve lower prices. DSO is unprocessed ore.
The ore is crushed to size and graded. The graded ore goes into a machine and turned into chemicals. The ideal size pebbles sold is called spodumene. The smaller pebbles are called fines. At CXO the fines are falling through the sift before reaching the DMS. Nothing to do with crystal size. The lithia content inside the pebbles determine the grade to volume. The market price less cost to produce the pebbles is called profit. If the company produce more fines than corse pebbles, the cost is higher for a lower value product.
The going market price currently plus $3k/t, chemical equivalent is $30k/t. Below this the chinese producers go out of business. Simple as that.
Relating this to CXO.
Estimate 80-90k/y at $3k/t less cost ($800)= $2200 ×85k = $187mUS/$280m au per year. X 2 $560m for next 2 years. Less tax and royalty.
BP33 need to get up running asap before 2026. MC at $1b.
Hope some of you understand better now. The mine is still 1hr from Port and 30mt in the ground, @10% drilled over 100 know pegmatites. Get the picture.