Hey
@Subs and thanks for your message also
@SplitFusion
Overall the presentation was what I appreciated the most, I think it was one of the best provided.
Some details I mentioned in my questions to you were missing subby, but all in all a good announcement other than the tax payable by May to Argentina. I am wondering if there can possibly be any change to that. Surely something can be done to minimise that tax burden.
The margin per tonne I was very pleased with at US$424 which is just shy of $600 Aussie.
I spotted the statement of: Production guidance of 40,000 – 45,000dmt reaffirmed for 1Q FY2019
Which if it is at that same margin works out to be around $24 million Aussie profit.
Sal De Vida page seems to continue to be a spruik that it is: One of the world’s largest and highest quality undeveloped brine deposits with
significant expansion potential.
View attachment 1462449
The pond looks world class!
Anything to do with James Bay I don't really pay much focus towards because of the issues of NAL and also the recent problems for Nemaska. (Who I am keeping a close eye on) but I can see the CREE First nations appear to be onboard which is great.
Drilling to expand the resource (to replace that lost at North SDV) was a plan that Anthony mentioned previously on a call so I would say that will happen.
Some strange wording in the Macro part of slide 21.
Slide 13 was a bit odd. I don't see why the company put that in there .
The company needs to get into lithium chemicals production to be taken more seriously. The lack of tolling in my view after promising it in the back end of 2017 has not been positive.
Those numbers of production from Mt Cattlin still promised when weighing against that margin has me curious. We haven't seen shipping, so it seems a last minute run for this quarter.
If they can achieve that from here, I am wondering what is possible in Q2.
The below slide gives some handy information about the YOP.
View attachment 1462439
For now, Mt Cattlin appears the focus and I would dare say what takes place with Lepidico and their demonstration/pilot plant.
The YOP is more about sweating the asset which is what Martin and Anthony spoke about at the 2017 presentation.
I'd dare say the company seeking direct extraction at Sal De Vida also shows their eagerness to do the same off the bat there, with energy being supplied via solar.
