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01/02/16
06:51
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Originally posted by rae915
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pauldola,
What are the numbers that GMM are looking at now with newish spodumene prices?
We don't really have any downstream revenues at present (or do we?) that have been noted to shareholders.
Aside from announcement driven price hikes....the lithium stocks all seem to have stagnated and dropped a bit. Has the price of li = hydroxide and li- carbonate dropped too? I can't seem to find info (free info) of lithium prices.
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Hi @rae1915
"Spodumene prices now 50% higher and the Australian dollar is 30% lower, resulting in viable and strong economics supportng the restart of production at Mt Cattlin"
http://www.asx.com.au/asxpdf/20160127/pdf/434ldc1nw9vqrb.pdf
Cannacord note a potential/likely increase to 200kt per annum output coupled with Higher Spodumene prices promoting stronger economics again.
It's all running like clockwork at the moment.
PD