...first, as I stated before, Spod (SC) prices will stay low (sub$700) for longer
...second, LTR's offtake from the Big3 is delayed by 6 months or longer
...third, bulk of LTR's production cost is fixed, so they will still be there even if they cut or cease production
...all leading to cashflows being drained over the coming quarters
...and to reasonably expect another CR in the not too distant future
Looks to me like $LTR#lithium production cost is A$44m / 28,171t / 1.5 USDAUD = US$1,041/t.
Price received was ~US$712.
So last quarter cash loss of US$ 329/t.
Corp overheads at A$7m/qtr look high to me. The recovery % seems to be tapering. If that persists, trouble.
