Member Info for Laverda

Badomen what size will the contracted shipping cargo tonnages be?

Look how long it takes when everything works day one and you are ramping up speed and stockpiling for shipping.

Imagine if we had a smaller plant, you could be working for 8 months to build enough stock to start the process and imagine it never worked day one.

Building the mine and plant is two thirds of it.

Oneortwo you are exactly right.

Only max plant output RNS over the next two weeks - hopefully.

Regarding stock he said export in quarter 3. However we don't know what level of concentrate we need to trigger the transport.

We may be close to the tonnage, we could be weeks away we don't know, he will have to tell us.

Once a ship full has gone and there is stock piling at the dock and on trucks we won't have a huge amount in hand at the mine. He will need to let us know how much is needed.

They can't have lorries and ships ordered and sat empty once the process is started, it must keep moving.

Majortom, I don't think any intermediate update has any value.

Just when it hits their target output we will be told.

It could hit major problems 1,000 tonnes before max output and they would have misled everyone into thinking we we days away for example, so pointless.

We should now be in the two week window for full plant output.

Lets hope that RNS lands.

Then we need to know what stock level of concentrate we need before we trigger the transport contracts, we have a decent heap so hopefully not far away.

Then of course the permit to export.

Interesting couple of weeks ahead.

Accionista - good point re AISC.

I am not concerning myself too much with this until we actually sell our first nut, but good spot.

Craig, 480 dollars I seem to remember. But that was gate price.

Some other start ups were still quoting gate price until recently then some suspect delivered prices.

Quality of Kodal is they analysed the ground, crystal formation everything, built the plant, switched it on and it produced spodumene concentrate at the perfect saleable quality level and instantly at 50% plant output -absolutely amazing.

Downside is that from that day one to clicking up the plant until now from such a good start seems like eternity because there are no drama. Which is a positive thing for investors.

Other shareholders can enjoy the adrenaline rush of dramatic rocky start ups.

Good little calc George, maybe that is the overall tonnes we require.

If they are 15,000 - 20,000 tonne shipments, one ship a few tonnes on the dock and in lorries and we have little wriggle room. You can see why they got two smaller plants instead of one large one. One goes down the stock pile depletion isn't so stressful.

But all of that is after they hit that top output on the plant.

Loads of mining companies would love to be in our position.

If anyone thinks this is bad they need to cross mining stock off their investment list.

Debt facilities for stock are fine, common throughout the industry.

We know the concentrate is no longer our responsibility when it is on the ship.

What we don't know is what tonnage we need to accumulate before we can trigger the transport agreements and ship.

Once the plant hits nameplate, which should be in the next two weeks, then we will find out if we have sufficient to ship or need to accumulate a little more.

Joe, yes I agree, at least a decade or two if lithium keeps expanding in Mali. They don't really have a lithium ore issue at the moment like some other African countries do.

Gold, Timber, people and arms trafficking are their main security problems.

Not as in America Joe, just a formalised alliance.

Ralladw2, we aren't waiting for the export permit.

We are just waiting for the plant increasing in slight increments to ultimately hit that maximum tonnage.

We then need to know what tonnage float he needs to kick off the transportation contracts, docks etc.

IF we have already hit that tonnage then we need the export permit.

Apparently we aren't shipping until next quarter so we don't need the export permit yet, but if we get it fair enough.

I don't think green box burger guy is Acker. We used to talk about the Stark plant etc, reasonable discussions.

You never know, but I don't think so.

Odd isn't it.

Doublesix, ore is what is fed into the plant.

Leo did plan to export some ore, before the plant was operational and producing concentrate.

Doublesix ore?

We are exporting spodumene.

Onlyking, we don't need the export licence yet.

Plant full production is before this.

Also we don't know what the concentrate stock float will be, I asked the question for the previous Q&A and he didn't answer.

It could be 20k plus the monthly tonnage or 30k plus the monthly tonnage we don't know.

People are beginning to invent a situation which doesn't exist.

Plant output target first, then hopefully an explanation of logistics and tonnage float. 30,000 tonnes is not a lot when you consider a stock pile on Hainan island, tonnage in a ship, tonnage on a dock, tonnage in trucks and tonnage on a stock pile at Bougouni.

People are thinking too far ahead for the present.

Sharebug, I am surprised too, although I shouldn't be seen it a few times before crunch points especially in oil.

Still 20 days till next quarter begins.

Export permit - got me calling it a licence now!