Hi All, just going off our company reports to work out roughly...

Hi All,
just going off our company reports to work out roughly how much LCE (Lithium carbonate equivalent) we will be adding to the market i have roughly worked out that from our monthly run rate of 100,000 of DSO (1.2mtpa) we would be adding annually 26,400tpa of LCE.

maths being roughly from our DFS
2Mtpa of ROM = 314ktpa (Lithium spodumene concentrate) = 44ktpa (LCE)
2,000,000/44000 = 45.45
45.45t of ROM feed (this is what DSO is after they have factored in strip ratios ect) = 1t LCE

DSO announcement mentions 100,000 tonnes per month 1.2Mtpa for a total contracted amount of 1.9mt
using my previous maths of 1:45.45t
1,200,000/45.45 = 26402 tonnes of LCE per annum or 41804 tonnes of LCE for the whole contract

now i think this should roughly be within 10% as we have to take into account DSO lithium concentrate percentage is slightly different to our ROM lithium concentrate as we factored in lower grades to make the life of mine bigger.

using Galaxys recent pricing for spodumene concentrate shows that we can have a good profit or just using current LCE pricing available shows this is well worth it while building.  and Atlas Iron has some recent info about cost for there DSO projects if people want to investigate how they can make a $80t iron ore project profitable.

Helikaon.

DFS and the DSO annoucements as my sources below
http://www.asx.com.au/asxpdf/20161110/pdf/43cslt5ckqhw7b.pdf
http://www.asx.com.au/asxpdf/20160920/pdf/43b9hfcnxw18g6.pdf