Im just a realist. Roskill tends to disagree with your price predictions. Im not saying they're right, but I am saying they are closer to the truth. Current contract price ~$10k/t. A total of ~10t was sold for ~$25,000/t on the spot market... You cannot extrapolate spot market prices for a commercial quantity such as 20,000t. That was my point. When the opex is $1500/t, the price doesnt matter at the end of the day because we will be on par with brine and undercut spodumene significantly.
I hope finance is not an issue. Just needs the PFS to be complete (still waiting). I just feel we have missed out on a lot of the available funds, given that the scoping study was complete 04/2015 and we are still waiting for the PFS.
No, you cannot have my shares.
EMH Price at posting:
$1.15 Sentiment: Buy Disclosure: Held
