W27 Interested to know how much as a % of PIO expected cash from...

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14/02/19

17:13

Post #: 37439921
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Originally posted by w27 ↑

Originally posted by Felix1965
The feldspar is likely to remain as overburden. At $50 a tonne to transport to Esperance and $40 a tonne to crush and ship to SE Asia with an at best price of $100 a tonne the profit margin is unlikely to be worth the risk.

The petalite (ceramic market) and lepidolite (Chinese lithium) do have value and should hopefully result in offtake agreements. If offtake partners want what is left as stage 2 mining then it should be profitable to remove and stockpile the feldspar assuming it has no value and extract the petalite and lepidolite.
People new to this forum should know that manfromgwelo is John Downs, about the foremost expert on caesium formate and all things caesium on the planet. He was a senior executive with Cabot, specifically engaged in the specialy fluids (caesium formate) division. Before that he was a senior executive with Shell and is credited with the initial work developing caesium fromate as a drilling fluid for high tempreature, high pressure oil and gas wells. He knows what he is talking about and potential investors are well advised to pay close attention to what he says. There is a lot of tripe on Hotcopper, but you sometimes come across a poster who really knows his stuff and post very valuble information. John is one such type.

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W27

Interested to know how much as a % of PIO expected cash from sinclair you think should be spent on chasing up more ceasium ore?

PIO Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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W27 Interested to know how much as a % of PIO expected cash from...

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