Not sure if these figures are accurate.
First I’ve heard of a $ figure on “current” production costs.
$14k-$18k/t arguably “reasonable”, considering the scale of production <<2ktpa.
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“Puna Mining announced that it is restructuring its lithium project in Salar del Rincón due to the abrupt 80% drop in lithium prices in the last year estimating $11,000 a ton, when to maintain its operations it needs an average of $18,000.”
….
“One project in particular has had to reorganize its accounts due to the high production costs, which range from $14,000 to $18,000 per ton of lithium carbonate, compared to the current price of $11,000 per ton. "So far, only one project has confirmed a pause to reorganize its finances, but we are confident that this is transitory," the Minister explained, emphasizing the importance of maintaining the confidence of investors.”
https://ariesonline.com.ar/amp/1333...s-a-reestructurar-pero-ninguna-se-va-de-salta
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production costs, which range from $14,000 to $18,000 per ton
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IF the company was to get production sorted, and, say, produce 1000t over the next 12 months…. We might “lose” $4000-$5000 per tonne around current “prices”? This scenario would sap $4M-$5M from our cash reserves.
Make that $6M-$8M if that was 1500t.
Arguably a prudent decision to pause rectification and ramp-up works…. Despite the impact on the workforce etc.
Again, not sure if these figures are factual. Dyor.
Imo
DYOR
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