gxy want 2 li carb plants china and wa $130m, page-3

Hi LionKing72,
GXY have plenty of resource and in any case,the JORC will continue to be upgraded.They are looking for a mine life of over 30 yrs.
Far more profitable to process the spodumene in WA and sell LITHIUM CARBONATE instead of shipping all the spodumene to China.They will probably only ship what is required to fulfil contractual obligation under the off-take agreements.
Also,China is not the only market for LITHIUM CARBONATE--
Japan(Mitsubishi Heavy is going to mass-produce Lithium-Ion Batteries),South Korea,Europe -in fact every Motor Vehicle Manufacturer in the world will need substantial supplies of Lithium Carbonate for their Electric Car Batteries--GXY can ship Lithium Carbonate around the world from Port at Esperance.
Cheers