investing is typically done through informed analysis, while gambling, at the end of the day, is purely chance. If you want to make money on AZS be an investor.
I found an interesting report on Mt Cattlin via the Internet, and the link is here:
www.globenewswire.com/en/news-release/2023/06/16/2689496/0/en/Mt-Cattlin-Ore-Reserve-update-confirms-mine-life-extension.html
The Mt. Cattlin spodumene mine provides a good example of what sort of costs might be in store for mining what has been found so far at the Andover Target 1 zone. The ore: waste strip ratio at Mt. Cattlin is 19.8:1, which is maybe a bit better than the eventual strip at Target 1. The cost to produce a dry metric tonne of 6% spodumene at Mt. Cattlin is US$935. The Mt. Cattlin reserve (not resource) is 7.8Mt at 1.20% Li2O and 130ppm Ta2O5 at a cut-off grade of 0.4% Li2O. Not all that big, but a moneymaker. While the current price of spodumene concentrate is US$3210, mining plans at Mt. Cattlin are based on a price of US$1500 per dry metric tonne. The price was less than half that amount in mid 2018.
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