EMH 3.33% 14.5¢ european metals holdings limited

Truly Crazy, page-3

  1. juk
    4,064 Posts.
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    Franky,

    It's not the recovery of lithium, that'd be bad recovery. It's the grade of the concentrate.

    They took dirt at say 0.43%, and upgraded it 5-6 fold to 2.5%Li2O in a mineral concentrate, ie. they took the other minerals out. (in fact they took the Zinnwaldite out of the other minerals using a dirty big magnet). Which is pretty good going since the pure mineral only has between 1.59% and 3.42% of contained lithum. So it's roughly pure Zinnwaldite.

    This company has $30B of Li2CO3 sitting around in an inferred resource. I have no doubt this will be mined, it's only about when, by whom, what process and who gets all the moolah???
    Last edited by juk: Added mineral stats 20/10/15
 
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