Gazzah, I just googled for prices on cesium metal and formate. As has been said here before the price is not certain as there is no open market for it. Annual consumption is 5,000 tones with 70% of cesium formate used in the oil drilling industry recovered. Its a product with limit supply and demand. I suspect we will mine either 1 or 2 thousand tonnes a year. I think we will use contractors and it would all be mined in a 1-2 month period and shipped through Esperance. Its a valuable little resource and I wonder how you would make it secure when its not being mined. That is why a decent lithium resource lying within the same deposit / area is important. I think more drilling on the dome is certain.
PIO Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
