Just a few points
Lithium brine by-product would be muriate of potash (MOP) and @ $400/t is a fraction of the value of LC
Spodumene value is $500-600/t @ 6% Li2O or ~$3500/t LCE. Since brine operations produce LC for <$2500/t, when markets contract, spodumene will be the first to bend - Like the laterites (vs. sulfides) in the previously mentioned nickel analogy.
The cost to convert spodumene to LC or LH is $1500-2000/t (so a total $5000/ t LC from spodumene)
The only way that Sileach is a paradigm shift is if it can produce LC at less than $1500-2000/t LCE and produce a by-product that is worth >$1500/t
Good news is the lithium demand supply differential is real and at the current prices make hard rock lithium a good space.
@Scarpa, do you have a reference for LH from Spodumene only? My understanding is that most LH is refined from LC (from anywhere), only some companies looking at LH direct from spodumene (NEO, nemaska etc)
GPP Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held
