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0.00% $3.69 azure minerals limited

Calculating in ground value

  1. zenmammon
    799 Posts.
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    23/06/23
    09:11
    Post #: 68430829
    I see PLS recently sold 5.5% spodumene for over USD6K. That's over USD96K / tonne of Li2O I believe.

    I'm wondering how to think about the in ground value of a tonne of Li2O ? And how does spodumene get to be around 6% concentration ? Is that how it naturally occurs or after some kind of processing ?

    Cheers
    Zen
    AZS Price at posting: $1.33 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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