According to the company’s estimates, operating costs, associated with the implementation of the project, will be about US$3,400 per tonne of lithium carbonate. With the price of finished product of US$7,000 per tonne, the annual revenue of the company will amount to US$63 million.
"The purchase of the 2 percent stake is Tianqi’s way of setting a base to increase their holdings in SQM in the short term," Francisco Soto, head of local equity trading at brokerage Tanner Corredores de Bolsa, said by e-mail. "The premium is clearly above the range that many have been speculating in recent months" for the sale of the stake in Calichera.
So peers are worth $10 bn, while rem just stagnates at 0.735p-ish. Crazy times. That lithium dripping from the conveyor belt is what the battery makers and Tesla are crying out for, But old lady AIM seems incapable of pricing what's there in Sonora, like the new gold or 'white gasoline' that lithium is (for the next 20 years or more).
Hi MM - Spain seems a long distant memory! It was great though thanks. Mr M is going on a golfing trip there next week so I'm footloose and fancy free (!) That's enough OT today, I'm running out of the P word though! Hurry up REM lets be avin you!
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