ORE is already producing and pulling in sales per shipment ~$600K. They are in the process of ramping up to their nameplate capacity.
The
full end to end process of a briner vs hard rock sees briners being ~120% capex cheaper and nearly half the time faster time to produce. Hard rocks, you need to drill drill drill non stop from inferred, indicated, measured, reserves. Then scoping study, PFS, BFS, decision to mine.. and then infrastructure builds.. Briners skip some of those steps and you dont need to drill the bejeeps to prove a resource.
There is a well known depiction of comparisons between briners vs hard rock. More importantly hard rock lithium cannot compare to briners costs of producing Lithium.
It is the lithium supercycle and exponential lithium price that has made hard rocks viable. Before the cycle 2 years ago all the hard rock companies were not profitable. ie PLS NMT AJM GXY.. etc and prices were languishing and it was greenbushes with exceptional high grades and the Lithium Triangle Salars supplying the bulk of the worlds production.
That said I wish all hard rocks and briners to succeed in this current environment. Make the most of it.
http://www.visualcapitalist.com/a-cost-comparison-lithium-brine-vs-hard-rock-exploration/
