ASX- and Aim-listed European Metals has announced a substantial increase in planned lithium production at its Cinovec project, on the Czech-German border.
The company revealed on December 20 that yearly production of battery-grade lithium hydroxide monohydrate is now forecast to reach 41 658 t, a 42% increase from earlier projections.
This output equates to about 36 670 t of battery-grade lithium carbonate. Run-of-mine (RoM) ore production will also rise by 42%, from 2.25-million tonnes a year to 3.2-million tonnes a year.
At $30,000 a tonne is $1.1 Billion US sales a year . $4.25 Aud a share i wander how our PE will be ?
Draft government regulation on the determination of a deposit of strategic importance in the Cínovec area, page-4
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