We have a problem, spodumeneWas not aware that CYP was proposing to produce BOTH hydroxide and carbonate . This is according to Rick Mills in latest article on AOTH . Link is here, with specific text below.
https://aheadoftheherd.com/Newsletter/2019/We-have-a-problem-spodumene.htm
Cypress’ Clayton Valley Lithium Project hosts an Indicated Resource of 3.835 million tonnes LCE and an Inferred Resource of 5.126 million tonnes LCE. This ranks the Clayton Valley Lithium Project among the largest in the world.
A preliminary economic assessment (PEA) published in October showed an outstanding net present value of $1.45 billion at an 8% discount rate, yielding an internal rate of return (after tax) of 32.7%. Payback is just under three years.
The mine would be neither a hard-rock nor a lithium brine operation, but rather, would process the lithium from clays in Nevada’s Clayton Valley by leaching with sulfuric acid.
The company is planning on following its PEA up with a prefeasibility study very soon, which should provide more certainty on the metallurgy of the project, among other interesting numbers.
Cypress Development Corp (TSXV:CYP, OTCQB:CYDVF) is developing its Clayton Valley Lithium Project at the perfect time. There is a perfect storm of a supply deficit meeting increasingly higher demand as the world moves away from the internal combustion engine.
What’s more, the company isn’t adding to the spodumene supply glut; it will produce much higher-priced lithium hydroxide and carbonate right on site - no shipping costs, no middleman.
Richard (Rick) Mills