LTR 1.17% 84.5¢ liontown resources limited

drilling, page-6

  1. 416 Posts.
    lightbulb Created with Sketch. 731
    That capex number was so low because their was already an existing tantalum mine on site, the $40 odd million was just to installing a DMS for the concentrate, the bulk of the infrastructure was already in place.

    A big factor in deciding capex would also be the characteristics of the spodumene bald hill is 80% coarse and 20% fine, PLS is 70% fine and 30% coarse.

    The production of the fine material requires a two step process right off the bat, if it's 80% coarse you can stock pile and add it on later, that is why PLS ended up spending $360million to get to production.

    I don't know what characteristics the deposit here has, but I wouldn't count on a small capex bill it's going to be atleast $150-200mill even if things are on the favorable side, it's just how much things cost unless you have a complete existing mine camp setup like bald hill did.
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
84.5¢
Change
-0.010(1.17%)
Mkt cap ! $1.612B
Open High Low Value Volume
85.0¢ 86.5¢ 83.5¢ $5.151M 6.083M

Buyers (Bids)

No. Vol. Price($)
2 23487 84.5¢
 

Sellers (Offers)

Price($) Vol. No.
85.0¢ 286512 4
View Market Depth
Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.