Originally PLS did the testing with 6% concentrate levels
http://35295743 Pokerface.
1st shipment due 14th-21st Sept.
This freshly made concentrate will not be of battery grade quality so price attained should be much lower. Also lets think of what the chinese processors require. Is there any consistency with what PLS have produced? Can it be sold as battery grade and what prices will it attain? Can the Chinese processors use inconsistent grade and quality all all? Poses some real questions! Again $$ would be lower than what is expected and if it is not consistent in quality will be very hard and costly to process. This is why Greenbushes is used as a base feed while others are mixed in
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PLS have stated their levels are lower than the early drilled results? Some analysis by Nagrom and ALS. But not a lot of analysis of how these results were conducted. If true then all other lithium RC drill results made by any other company could use these PLS figures and apply that to their own results. 15 DD holes twin drilled over 2km at varying distances from the DD hole. PLS is not homogenous and the quality/grade/seam depths and thickness vary a huge amount. Has there been enough scientific study on these results? is there enough evidence for statistical analysis? Does it not require at least 20% of the entire area to be twin drilled for proper analysis?
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Very interesting little read this announcement...
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PLS stating this 0.69%
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and now stating this once more with "select samples". Cmon what is the true picture here?
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Is JORC reporting being adhered to?
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(20min delay)