I dug up a report from the lithium bull Rodney hooper in 2021in...

I dug up a report from the lithium bull Rodney hooper in 2021

in regards to MGU and the HISMELT production

HISMELT is now the primary focus so let's look at the numbers expected to make the project happen, CAPEX MUCH MUCH lower than anticipated, and cost per tonne production is extremely low compared to the HUGE margins currently in place for now and the forseeable future.

BUENA VISTA HISMELT HBI PLANT - 2022

OPEX- US $180/t (at the gate) 50$/t logistics cost

CAPEX- US $150M (HBI) upgrade to pig iron ?$

CURRENT PIG IRON PRICE- US $1030/t

EBITDA- US $406M/P.A

2/t of 58% concentrate = 1/t if HBI

PROVEN RESOURCE 232MT

I think those of us accumulating here are laughing. if a low capex solution is established, all the permits, necessary land, water, bio char for fuel, logistics have all be sorted


im very bullish on what comes of 2H 2022 with the various offtake talks currently taking place

LGTFM