RE:RE:RE:Another sharp increase in battery-grade lithium pricesMonkeyhere171, CRE's production cost for spodumene after tantalite credit will be $337/ton.
In the feasability study they used a selling price of $750/ton for chemical grade spodumene. At $750/ton the average annual EBITDA will be $183M. Imagine how more money CRE would make if they can sell spodumene for double the price used in the FS. Pilbara just sold some spodumene for $2,240/ton which is triple the price used in the FS. The payback period would be much shorter than 2.8 years.
If I remember well it takes between 7 to 8 tons of spodumene to make one ton of carbonate or hydroxide.
I don't think it will take 4-6 months for the stock to take off. As the prices of lithium chemicals go up the sector should get more attention.
Matteo01