Unfortunately the lithium market is far from transparent but let me explain in simple terms so we can understand.
Spot LiOH is selling for $21,000/t as LiOH. To put that into perspective that works out to be approximately US$30/lb of Li forget this Li2O nonsense that just clouds the issue when trying to compare that with say the LME for metals.
Nickel is presently struggling to hold $5/lb so can you see the difference. So at the moment Li is worth 6 times nickel.
That is the simple metrics so getting into production and making money over the next 3 years is key to any hard rock lithium hopeful.
They now have s concentrator they will be able to use the plant with few mods as it is all there. So you pay $10/t trucked that is insignificant compared to the opportunity cost.
I say well done KDR you are well on your way to becoming a producer well ahead of the rest. They saw an opportunity and got on with it that is what management is all about.
Great stuff.
KDR Price at posting:
41.5¢ Sentiment: None Disclosure: Held
