OTCPK:ALTAF - Post Discussion
Post by
goodtoreadthis on Jan 22, 2019 10:35am
LI from Brine prices, cost of production, huge margins
LI from Brine prices, cost of production, huge margins
The numbers quoted below are from OROCOBRE's latest qtrly report. Although the top line sales number is less than I would have expected, the LI is brine LI which is hard to turn into the most desired LIOH; but the thing ALTAF investors should notice is the huge gap between the sales price and cost of production. It serves as a ready explanation of while Galaxy LI which runs a relatively small LI hard Rock operation at Mt Gatllin has been swimming in cash almost from the day it has started production.
Sales were 3,019 tonnes of lithium carbonate with a realised average price of US$10,587/tonne on a FOB basis and total sales revenue of US$32 million. Operating costs (on a cost of goods sold basis, excluding export tax) were US$3,974/tonne down 14% QoQ and marginally higher than the December 2017 quarter.
Read more at https://www.stockhouse.com/news/press-releases/2019/01/16/orocobre-limited-quarterly-report-of-operations-for-the-period-ended-31#9wsBwoIrDdEtYK8K.99
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.cre&postid=29263943#jv4sR871qVGEhLLZ.99
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