Was just reviewing the numbers. I think the 55kt LCE presented in the AGM meeting is what they know right now (pre drill results and expansion at NAL + Authier and Moblan).
My math for converting spodumene to LCE is a divide by 8, I know that this is only an approximation but for my purposes I think it is good enough. If you anyone wants to take it to full decimal accuracy and share the math please do.
So we know currently the planned production for NAL + Authier is around 220,000 tpa of SC6. when converted to LCE this comes out to be 27500 tons per year. This is pre-expansion drill results from Authier and from NAL.
I also used this link to verify what was planned at Moblan.
https://www.ree.environnement.gouv.qc.ca/dossiers/3214-14-062/3214-14-062-18.pdfpage 42 - Ore Treatment
If you take the average of 186,815 and 210,000, you get 198,407 - I am going to round this up to 200,000 for ease of math.
200,000 / 8 = 25,000 kt pre-expansion.
If I add these 2 together I get 52,500 which may have been rounded to 55 kt LCE.
So what else was revealed in the AGM and along the way prior to AGM
Well we know of 2 drill programs, 1 at Authier and 1 at NAL - during the AGM and on Numerous occasions BL referred to the upgrade he believed would be Significant. I do not know how to guess at what this means, but I am guessing it will be greater than 20% increase in resource size. My opinion has always been that without some pretty good intel that you will be able to prove up at least 20% you would never put a drill in the ground because it is fairly expensive to do so.
Later in the video around 45:00 mark, BL is speaking about the drill results at Moblan, and again he says significant increase, but this time he explains that the old DFS called for 2600 tpd ore feed to the plant and they believe the will grow it in excess of 4000 tpd. This works out to be a 53% increase.
So if both NAL and Athier average a 20% increase we would be looking at 220,000 * 1.2 = 264,000 then divide by 8 and get 33000 tpa LCE and Moblan would go be 200,000 * 1.53 = 306,000 divide by 8 = 38,250 tpa LCE. This would give a grand total of 71,250 tpa LCE post expansion results.
In Future years these numbers would be further enhance by whatever we find in the ground at Tansim and at Lac Albert, I would suspect that this would get us to the magical 100Mt tpa LCE for Tier 1 status.
GLTAH
(20min delay)