LTR will be producing (if memory serves) 500kt of 6.0 spod / year with commissioning set to commence in a few months. That's more than double our nameplate which we're only halfway to achieving and we produce 5.5. LTR also have favourable OTA for their spod.
Our OTA locks into 113kt spod at $900. Thats almost our entire production at the moment. Until production numbers improve our SP will be linked to the OTA with PLL not the spot price of lithium.
Good news is spod production has been increasing nicely over the last few months (during winter as well) and we're heading into warmer months that should get better. Plant modifications should see an improvement as well.
I am still positive about the future.
Short term: Increased production will improve profits.
Longer Term: Carbonate plant will extract us from our horrible OTA.
Even Longer Term: Moblan has potential to set this company alight and become a major player globally.
LTR will be producing (if memory serves) 500kt of 6.0 spod /...
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