This is dead set sensational reporting from this b... head.
This is not iron ore where the content is 55 % FE, and there are many iron ore mill in China near the port for this type of bulk operation.
Like gold , only 1.5 to 2 % of the ore content is Li - is simply not economical of what this b.. h is reporting --- the fleet is ready to mobilise, jump off from their iron ore operation !!!.
Where are the Li processing plants in China - are there any ? or has spare capacity or right next to the port where they stockpile the iron ore ?
It is a 2 to 3 years away proposition (by that time GXY low cost brine will be in full operation - future assured) where they need to build a processing plant like PLS, no if or but -- what happen to PLS idea of shipping ORE to China. - simply NOT ECOMICAL full stop.
Is this b...h also suggesting that the massive Li processing plant proposed in WA is dead in the water ? I don't think so.
GXY Price at posting:
$1.76 Sentiment: Buy Disclosure: Held
