Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Post I saw .
Had a huge tin expansion last year and is in the process of expanding production by another 70% to a contained tin production of circa 1500t p/a . ASIC will fall 10% as a result. Margin looks like being $7000 p/t...$10.5m EBITDA on the tin alone. Recent financing from Orion is allowing them to kick start the lithium integration, forecasting 30 000 t p/a. This is selling at $1500 p/t. They will be one of the lowest cost lithium concentrate suppliers worldwide. The joy of a poly metallic ore body and production line.
Effectively, the waste product from the tin concentrators is petalite/spodumene rich which means it's already been sorted before going through the plant. Happy days!