Most interesting!! I recall Frontier Lithium easily producing a Lithium Spodumene concentrate from its Northern Ontario Lithium mine, processed at the Glencore Lithium processing "pilot plant" grading around 7.2% Li2O.
At that Lithium Spodumene Price & Grade of FL's Lithium Oxide, one would think it's a 2 year-Payback (maybe even less) on the construction of FL's Lithium mill concentrator.
Especially with superb Grade Control, able to pull higher grade Lithium (and now Cesium) from at least 2 working mines with excellent mining strip ratio.
Key Highlights of Pilbara's recent Quarter results & comments by boss Dale Henderson:
Pilbara Minerals boss Dale Henderson calls expansion of Pilgangoora mine “money for jam” as lithium market strength continues.
Lithium miners remain extremely confident about the state of the battery metal’s market, with record high prices making an expansion of Pilbara Minerals’ (ASX:PLS) Pilgangoora plant “money for jam”.
Average realised selling prices rose 61% to US$4,267/dmt, with a record sale of US$7017/t on a 6% Li2O equivalent basis in one of the company’s patented Battery Materials Exchange auctions.
“In this market it’s money for jam and we are positioned like none other to capitalise in this market.”
Sweeping up the cash
PLS’ balance sheet has expanded like a lazy kid on school holidays, fattening up by $589.3m to $874.2m at the end of the quarter.