RE:RE:RE:New to this board....Thank you Bob. I didn't touch on the grade but that is important too. On that note, LAC does have a much higher grade, but to process it requires a lot more work, it's deeper, and if I'm not mistaken .. CYP's ore body is the only one which is really at surface and flat. The other plays all have weird angles and are deep down.
CYP's drilling also was left open at depth if I recall, so the resource could continue way down yet to be seen.
The strip ratio (waste rock to ore for those who don't know) is like 70x higher for piedmont.... market is going to do a serious re-rate here at some point. Better use ductape to secure yourself to the rocket.
desertbarnacle wrote: Yakattack,
Strong work, as usual. LAC does have approximately 3 times the Li grade, 3000ppm vs 1000ppm for CYP, NRM, SPMT, but you list a number of equalizers. We can add that LAC has a 3 to 1 strip ratio, while CYP has 1 to 1. Take all you have listed together with the strip ration and I strongly agree with your statement re relative valuation. Very comparable.
Bob