GREY:PLUUF - Post by User
Comment by
juanPeruon Jul 18, 2019 12:07pm
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Post# 29934983
RE:Met work
RE:Met workWell, you already said it all, I do not know what to add!! Indeed, it's obvious PLU has been notified with a favourable resolution, but we will have to wait until the next week to read that resolution because that's approximately the time it takes for the document to be digitalized. Why so much!!
Regarding the overall recovery (80%) yeah it's great, much higher than the 60% predicted by Haywood last year, but lithium prices have been edgeing lower so I guess after having the Mining Council's resolution they will make an update keeping target price at C$3.
Regarding hydroxide precipitaion I'm less optimistic. Given that PLU's tuffs were qualified as "solid brines" maybe the cost of producing hydroxide is also higher so management has decided to focus in carbonate production. Note that there's not a word about hydroxide in the PR.