GREY:PLUUF - Post by User
Comment by
Y93H1979on May 30, 2018 8:10pm
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Post# 28102440
RE:RE:RE:RE:Maiden NI43-101 resource calculation
RE:RE:RE:RE:Maiden NI43-101 resource calculation
It varies quite a bit. Bacanora has a large clay based resource and a 190M market cap. Global geoscience has a market camp of over 600M AUD MC (for the life of me I can't figure out why), even though BCN's project is more advanced. It must be that the chairman of GSC was from Orocobre.
IMO I believe the process flowsheet for LiCO3 production will be the more important announcement rather than the resource estimate.We all know the estimate is going to be HUGE. The processing is going to be the bottleneck in determining how many tonnes can be mined. Most hard rock producers can only mine 2mtpa because of this bottleneck. Remember that the orignial PEA for the U308 was around 11mtpa, and the lithium resource is shallow and flat, so mining is not going to limit production, it is the processing.
Nemaska reckon they can produce LiOH for sub 3000 USD/tonne and LiCO3 at sub 4000/tonne. That is from spodumene too which has to be concentrated, roasted, leached to produce LiSO4, then processed. PLU's process is potentially a lot easier, and HOPEFULLY cheaper!