@Squadger
It was a nice try but not quite. You make it much more difficult than it needs to be.
Simply put, for every tonne of 6% Li2O Spodumene you can produce 0.06x(14/30)/0.1879=0.149t LC. So for your magic 2500t LC number, its more like 17,000t of spodumene at 6% Li2O.
But this is also where you go wrong. LIT are targeting the low grade spodumene producers, the niche in the market so to speak (check LIT ann's). So the "Spodumene" grade is say 3.5% Li2O (see http://www.asx.com.au/asxpdf/20170511/pdf/43j619t6txkfgy.pdf), then the magic 2500t LC number will need more like 29,000t of spodumene.
But theres more. Since Sileach only recovers 62-73% (lets call it an average of 67%), then the magic 2500t LC number will need more like 43,000t of spodumene.
Now, as I see it, the CPC engineering (due in April) then announced in May, which I can forgive, has been completed. What I cant forgive is the complete lack of data. LIT , by their own admission, state capital and operating costs have been generated, but chose not to announce them, huh? This does not fill me with confidence. Instead they appear to follow LPD's lead and look to cheaper synergies overseas, which is in complete contradiction of their statement to establish a lithium processing hub in Western Australia with an initial preference of Port Hedland given the proximity to infrastructure, but more importantly, proximity to WA’s lithium hotspot, Pilgangoora"
This calls into question the MRIWA grant which was granted under the following premise:
"The applicant(s) must show that the work proposed will directly benefit the Western Australian economy, And perhaps even the relationship with PLS?
hmm.
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