The trouble is you can't read a technical report and claim that...

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Roller62

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27/01/21

11:05

Post #: 50464159
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Originally posted by ozblue: ↑

@Roller62 ..."Ivanhoe's report wasn't even to Lobito - it was to Durban all the way to China. Really quite laughable."

The tragically sad part is why investors in the land locked lithium deposit don't pay attention to real experts like the ones from Ivanhoe. They looked at all options for transport, and decided that moving great quantities of concentrate every day needed the most RELIABLE route.

Why do you think they chose such an expensive route?? Why do you think they have all the options as expensive?? Perhaps they wanted to prepare shareholders for the reality involved in moving concentrate from that part of the world?
Or do you think they just wanted to hide the profitability by showing a transport price that was unrealistic??
Or perhaps, despite spending hundreds of millions of dollars on developing the project already, including knowing exactly what it costs to move a lot of material to their mine site, they really have no idea how much it costs to move quantity in that area??

Meanwhile a few locals came up with a 'nice' price for your project, and the company ran with that, so that is much more believable.

I suggest you are the one that does not know how to read a technical report, because you want to believe in something different. Good luck, you will need it if holding for the long term.

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The trouble is you can't read a technical report and claim that the transport cost is from Ivanhoe mine to Lobito when it is clearly not.

Please admit you were incorrect.

Last edited by Roller62: 27/01/21

FFX Price at posting: 20.5¢ Sentiment: Sell Disclosure: Not Held
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The trouble is you can't read a technical report and claim that...

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