I did find this czech article and some explanation by director...

I did find this czech article and some explanation by director of Geomet Richard Pavlik

http://archiv.ihned.cz/c1-65703660-studie-pro-burzu-tezba-lithia-na-cinovci-se-vyplati

by translate software

""We have this model for only ten percent of the well researched resource, "said the Director of Geomet Richard Pavlik.


The processing plant under the mountains would be produced annually 21 thousand tons of lithium carbonate, whose price on world markets is nearing ten thousand dollars per tonne. The cost of obtaining one tonne of carbonate on Cínovci based only on 3.5 thousand of dollars. This bearing ranks among the cheapest in the world. For example, the biggest competitors of the European Metals, the company's Australian Minerals or Chinese Brines, produce a ton in 6 to 8 thousand dollars.


The Australian Stock Exchange was surprisingly disappointed with the results.

"The reaction of analysts surprised us a little bit. Their complaints do not concern resource or mining, but processing used, "said Pavlik.

Planned baking with sodium sulfate is more energy demanding, according to the Director, so at first glance, more expensive than analysts expected leaching with sulfuric acid.

"Because of the impact on the environment, costs and royalty we will not use expected technology. Even with this higher energy variation.. the costs is still very good, "said Pavlik.

Australians are not the only ones who want to mine lithium in the Czech Republic. The tailings impoundment after the extraction of Tin at Cínovci and in Horní Slavkov wants Cínovecká construction company, owned by the Fund RSJ, where is a large shareholder billionaire Karel Janeček.

Their resource is compared with the European Metals much smaller bearing.