@Gartenfan - I wish I could deploy your wasted energy on help in...

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Taurisk

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21/08/24

12:18

Post #: 75302982
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Originally posted by Gartenfan: ↑

New Article in the auszralie

New article in the Austrian newspaper.
Among other things, it also deals with the economic viability of the mine in Wolfsberg

https://www.derstandard.de/story/3000000232660/die-eu-will-mehr-eigenes-lithium-bringt-viele-projekte-aber-nicht-voran

One distinguishes between Tier-1 to Tier-3 deposits. "Tier-1 deposits are those where lithium can be extracted in large quantities, over a long period, and at low cost. Such mines remain economical even with a low lithium price of 5,000 euros per ton.
The Rio Tinto mine in Serbia is an example of a Tier-1 deposit. For Tier-2 deposits, the lithium price should ideally not fall below 25,000 euros per ton for the company to remain profitable, while Tier-3 deposits only become profitable at a lithium price of 50,000 to 60,000 euros per ton. Currently, the price for a ton of lithium carbonate is around 15,000 euros. The price plummeted by 80 percent last year due to oversupply. "The lithium deposit under the Koralpe is a Tier-2 to Tier-3 deposit," says Tost. This is one of the reasons why it is so difficult to find investors for the project.

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@Gartenfan - I wish I could deploy your wasted energy on help in my garden - don't you ever get enough of this boring topic? Truly?
I mean this as a friend! This stock is cactus, one of many companies T.S. @ Co. have mined - there is no law against running a company inefficiently! Hang on to your shares, if you still have some - in plain English: put them in the bottom drawer and forget about them for a few years - something may come of them!
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