Suni, No way you can compare apples with apples as far as the value of Bald Hill, compared with WC8'S Greenfield project. The plant is currently producing,MIN will do some upgrades no doubt and produce at least 155KTPA next year of Spod Concentrate at 2024 prices. There are many areas to be drilled to upgrade the life of mine, higher grades deeper apparently The average time from discovery of hard rock to production in Lithium is 10 years, I have not seen any drill results from WC8 as yet, if bonanza like AZS then time frames would be reduced by a couple of years at best. What will the Spod price be in 2033 and will it justify the capex needed, more likely a TO by bigger fish with already plant established in the area?
Cheers BK14
WC8 Price at posting:
41.0¢ Sentiment: Hold Disclosure: Not Held
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