From: [email protected] The rincon salar project will earn revenues of $36 million per annum for lithium chloride at 3,000 per tonne. The current price including last months increase is closer to $4,800 per tonne. So using current prices it will earn us $60 million per annum. At variable operating costs of even $1,600 per tonne we still make $38 million.
The iron ore project will earn us say $10 million per annum on 1 million tonnes of production. At 3 million tonnes we make $30m at current prices.
Lithium takes three years to build and get going so your analysis is correct. That’s why we have $38m in funding lines in place.
