@croc1970 Strip ratio already publicly stated to be closer to12 or 13:1.
Also, you’ll need to factor in WC8’s likely billion dollar capex to the equation. Colina will only need ~$250m capex for stage 1 270ktpA.
Brazil is attractive because Colina will likely produce at AISC ~$550/t and cash costs lower than this. I.e. free cash flow regardless of the lithium price cycle (Sigmas results overnight confirm this). It also allows product to be shipped to North America and Europe incredibly cheaply (but also an option to ship to China).
Australian mines apart from GB and Pilgangoora simply aren’t profitable at some parts of the lithium price cycle. All of MINs are now red, so is Kathleen Valley and development projects have no hope (Manna for example).
WC8 Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
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