Hi Fingers, Thank you for your welcome. I always read your posts with interest. The article you have kindly posted is indeed that to which I was referring. In my original post I meant of course to say that Cinovec was rated 3rd overall for hard rock lithium projects and that it's reported cash operating cost is about US$6300/tonne LCE. Figure 14 is interesting, separating the spodumene producers from the lithium chemical producers, showing Cinovec right in the middle of the latter group for capital intensity at US$60,000/t LCE/annum and with a projected initial capex of US$625 million and US$800 million with the sustaining capex (a metric not often discussed). It is noted that while producing chemical lithium likely increases the overall return it may make raising initial capital more difficult. I am indeed Lichter Super in the share registry. It has of course been disappointing to see the slow pace of the project since 2015. Frustrating for me too ( and I am sure for others), especially since I am now retired and have to sell some of my shares at such a low price. However I am still cautiously optimistic that 2024 will be the year that we will finally see this project get the green light. Kind regards and best wishes to all.
EMH Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)