Apart from a really good read about lithium sector and Galaxy in particular
Anthony's answers also go into recovery rate calculation of Mt Cattlin here, prior to them announcing with shipping that recovery has already dialled up to 60%.
"Production guidance for 2017 is at 160kt of lithium concentrate. With the delays from fulfilling 2016 orders, this will be adequate to satisfy the backlog as well as new orders for year, for which we currently have at least 120kt of demand from existing customers. At these production levels, it is equivalent to the plant running at 50% yield, but our aim is to increase that to 70% over time. I probably will want to wait until steady state operations have run for a while, so we can see if yields are dialling up as planned, before we think about selling any of the production over and above the initial 160kt."
GXY Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
