The operators of Mt Marion will not necessarily mine area 53 right away. The output of concentrate at the plant is running at 35,000 tons a month. But the royalty is paid firstly on ore mined. $2 ton. If the concentrator got rid of 90% of the ore, hat would be about 350,000 tons of ore. So if ths feed was coming from area 53 and I dont know how you would police or audit it, that would be about 350,000x2 or $700,000. Peanuts compared to the value of the lithium lit looks like, but then there is another $2 on each ton of lithium produced. Now this is very valuable stuff. So to max, maybe pushing $1million a month but maybe not for a while yet. How long for? Don't know. Probably a lot of holes in this but its what can work out so far.
The operators of Mt Marion will not necessarily mine area 53...
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