Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

0.00%

20.0¢ firefinch limited

MLL has a questionable project under the currently depressed lithium market, page-11

First 11 Last

Share
Profile

Follow
astavrou1

1,686 Posts.

154

15/11/19

02:09

Post #: 41436157
Share
Originally posted by jadaj: ↑

Astavrou, I would have defended you in your other previous posts as someone who accidently overlooked the cash raise. With this thread though, you are actively making unsubstantiated and misleading claims in your comparison to AJM and PLS.

To clear the air:

Regarding your point 1
AJM reported an average cash cost of US$392/wmt - see annual report
PLS expects cash costs of US$320-350/dmt when they return to normal operations (but recorded US$530/dmt in Q3, which is one of the reasons they are struggling) - see their recent quarterly
MLL PFS2 operating cash cost is expected to be around US$281/t. This is before further potential cost reductions to power and transport - see MLL Announcement on 7 October 19

Regarding your point 2
PLS reported spod sales prices of US$580-640 - annual report
Platts (S&P Global) reported US$540/dmt
Many Chinese battery manufacturers are heavily investing in Europe - much closer than China and most planned around the time we expect to be commissioning. A quick google search will show you this. Here's a decent read https://www.google.com/amp/s/www.greentechmedia.com/amp/article/europe-set-to-race-past-us-in-battery-manufacturing

To help with some of your other points:
CRIMM (Minmetals subsidiary) are testing our ore
DFS is expected Q1 2020

Misinformation aside, yes MLL could be seen as a risky play, in a land-locked country, and we could be a waiting few years. But majority of the holders here know this. Majority of holders have probably been here for that long already.

Anyways, thanks for stopping by and making me do my own research again. I'm here to stay for a while longer.

Full disclosure - I hold PLS as well.

DYOR, not investment advice etc.

Expand

Regarding your point 2

there are many projects located on European soil ready to be developed and satisfy the need of the EU based battery makers, some of them belonging to Australian companies like European Metals, Infinity, European Lithium, Lepidico, Savannah etc. I don't need the need for extra supply form a possibly unreliable (due to force majeure) African miner.
MLL Price at posting: 7.9¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 19 more messages in this thread...

First 11 Last

Add FFX (ASX) to my watchlist

MLL has a questionable project under the currently depressed lithium market, page-11

Top Stories

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Bryah gains $408K government rebate for work on copper target Narracoota

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

AI stocks: What to expect in 2024-25

Featured News