Hi SFGreat work by the way in tabulating this upI had been...

Hi SF

Great work by the way in tabulating this up
I had been curious about the Min announcement - looks good for them - might even add some MIN shared to my Super.

Just something i noticed in MIN's report

"Mt Marion Update
Following the completion of project studies previously foreshadowed3 along with positive metallurgical test work results,
MinRes and its 50/50 Joint Venture partner Jiangxi Ganfeng Lithium Co. Ltd (Ganfeng) have agreed to upgrade the
Mt Marion processing facilities. This is expected to result in Mt Marion’s spodumene concentrate production capacity
increasing immediately from 450,000 tonnes per annum to 600,000 tonnes per annum of mixed grade product by April
2022. A second stage of expansion incorporating a Dense Media Separation (DMS) plant upgrade, a new crushing circuit
and an upgrade to the mine camp should increase installed plant capacity to a run rate of 900,000 tonnes per annum
mixed grade by the end of calendar 2022. The equivalent number of tonnes at a grade of 6% is projected to be
approximately 600,000 tonnes per annum. Capital expenditure for both stages is expected to be less than $120M."


My read of this is that they will produce 900,000 tonnes at average grade of 4% from 2023, ie 600,000 tonnes at 6% equivalent.
Seems awfully low grade - unless they dont actually mine all the 900kt of ore ?? or must be planned to producing some minimal processing lower grade to get to that average?

So should your figures be revised downward?

Like you stated though - paper forecast production never matches real world, always delays in timing and lower production rates.