I beg to differ. The fact is nobody can accurately predict future Spodumene price action. Do you really think that LTR will hold back their commissioning, when they're fully funded with a sizeable funding contingency available? Imagine trying to be 'cute' and strategically delay commissioning or production for pricing reasons, and then missing out on several months of SC6 prices above US$2,000 per tonne. We've seen before that lithium prices can change rapidly, and if I were a betting man, I'd be betting (and I am betting by my investment selection) that pricing is looking positive over the coming years.
Companies do not commission mines to operate them at ramp-up performance over the life of mine. No, the operational ramp-up is an necessary 'evil' phase for any mining project.
An analogy would be, do you purchase IKEA flatpack furniture just so you can spend another hour trying to assemble the piece before it's usable. No, you invest in and assemble the furniture to use it. The piece of furniture is useless during the assembly phase, but very useful post assembly. Just like mines being commissioned. LTR may not make money in the initial months, but rest assured that it's on track to make lots of money following that.
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