Seriously , Chuxa I am not in losses , my average is under 25 cents . And also seriously you cannot work out $7,000 a tonne profit times 60,000 tonne production is $420 mil USD profit ? Based on Li sale price of $17,000 . All the statistics were in my post , maybe take your shoes and socks of so you can do the maths . There maybe enough Lithium around the world Chuxa , but it is all about the cost of extracting from the various sources and size of sources . CXO aready can't make enough money at the current price , so any up and comer with this type of size and source will never get of the ground again unless there is insentive to do so , to spend the hundreds of millions of dollars if the price does not increase severely . Surely you are not saying every source and extraction method all have the same cost of production ? Some of these wanna be lithium producers will end up with costs of $20,000 a tonne and wont be incentivised to invest unless there is a $50,000 a tonne sell price . What do you think the current average cost of production for Li HYD is now in the world including China ?
EMH Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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