General Discussion Topics, page-144174

I guess I am cautiously optimistic about the price. I am always a bit wary when the price goes up because we have seen a few times where it was extremely manipulated up (PLL in Feb for instance) The fact that it is all lithium stocks and not just SYA makes me feel a bit more confident.

I believe this quarter we are still be in for a 6 to 9 million loss, but unit costs should be down and that trend will continue next quarter where I think we will start being middle of the cost curve instead of top of the cost curve. The cost reduction of the new jaw crusher will be realized in Q2 and that should get our costs down to between USD $720 and $770 per tone. If the market does re-adjust to a more favorable price (in my view USD $1500/t) over the next couple quarters we should quickly reverse the trend of loss to become a profitable company.

The silver lining for SYA is that from July to December, 85% of all shipments will be to PLL customers and not JV customers, this will actually work in our favor because we will not be paying near as much per ton for shipping ($15/t for PLL shipments and $140 to $150/t for JV shipments).

GLTAH

Split