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3.1 sounds a bit high for broken material. 2.7 is typical for...

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PedroG07

404 Posts.

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15/08/16

15:07

Post #: 18520476
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Originally posted by Endyne ↑

That's an awfully simple re-model. They've just put most of ~6 months (admittedly ramp-up) production ( estimated as ~20kt) to be shipped in Dec. That leaves ~2kt for September.

Does anyone know what 2kt of spodumene concentrate looks like?

I think we likely have way more than that already...

I think we even have evidence courtesy of @ianwill as of 28/7/2016:
...

By my calcs, 3.1 tonnes of spodumene takes up roughly 1m^3 (depending on purity and whatever else it's mixed with)

2kt spod = ~667m^3

So do we have more than that stockpiled already?

~50(++)m x ~20(+?)m x ~4(+)m x 0.75('prism'/solidity factor) = 3000m^3? (super conservative)

= ~9kt spod concentrate

With 1.5-2 months further production before shipping

That is a big pile of spod.

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3.1 sounds a bit high for broken material. 2.7 is typical for intact rock. No idea for spodumene. You might be able to google the SG for it but I'd decrease by maybe 30% for broken material. (I'm an ex-geo....)

GXY Price at posting: 39.3¢ Sentiment: Hold Disclosure: Held
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