George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Martin girl , I am here long term and I have not been I loved in any comments on tantalum .
Yes there are issues been worked out but at this stage two factors are positive , spodumene price and grade . The final part volume will rise slowly . So it is not all straightforward , but been lithium for 7 years plus and a few weeks to get volume up does not bother me .
Acker we are now seeing meaningful rises in lithium hydroxide and spodumene prices .
We are expecting photos from Zulu soon and hopefully evidence of first bags of spodumene exciting times , I expect a slow steady ramp up , but key at this stage is grades . If we can average 6.2% we get a higher price than $1060 .
Big week com8ng
Sorry here is link
https://cnevpost.com/2024/03/16/byd-chairman-china-nev-penetration-to-exceed-50-in-3-months/
Chinese ev sales drives world lithium prices .
Penetration of the Chinese market by electric vehicles was 35% in 2023 .
Last year BYD chairman forecast 50% maybe achieved end of 2024 . Now 4 weeks later last night he changed that forecast to 50% occurring in next few months .
So china this year in my opinion will see growth of over 40% plus . That will be more than expected and force lithium and spodumene pric3s up . I reckon $2000 spodumene end of year is coming
Lithium and spodumene up again, yes some frustration , but we are already able to produce 6.17% . That is progress , the volumes will build up and then we can focus on the income to prem . With lithium hydroxide at around $14,000 a tonne this is a good start . Each day it is rising . So we need to think more of where we will be in a month or so and not just this week with the share price .
Buy this dip is my plan
Thanks Acker , all lithium prices showing sustained rally .
This is great timing for prem . All we need is production and news on what are plans for Mutare and we are off to races . Exciting times . We must hear something this week . Hoping the ph system is fixed , then it will be a short period of optimisation to get grades up to sc6 levels of 5.5% to 6.2% . That may take a week or so after the fixes to plant . So my guess is full production must be less than maybe a week away . Fingers crossed
Shark , there are lots happening as prem morphs from a small sim miner into something much bigger . Prem have said cash is tight but will rapidly improve as prem ships and as lithium and spid prices rise it quickly changes . Prem may need some money , but if it ships in march it can get loans etc , but also as big players have been seen at Zulu , other deals may occur .
My personal thinking is money can easily come with another off take , whether this is for petalite or a second Zulu mine .
We are also hoping for a mutate deal . So lots of mov8ng parts and soon they will land .
So at around lithium hydroxide at $14,000 a tonne , this is my calculation.
Prem have no discount on the hydroxide deal
Canmax cost $1000 per tonne lithium hydroxide ( I may be incorrect)
Prem cost per tonne spodumene $800 plus shipping $150 so $950.
7 tonnes spodumene to create 1 tonne of lithium hydroxide ( some say 7.5 but assume we produce 6.1% spin )
Cost in total $7650 , round up to $8000 , so profit is $6000 . Prem get there cost back $950 per tonne plus profit of $3000 per tonne lithium hydroxide which is $428 per tonne of spodumene .
So prem receive $1378 per tonne spodumene .
As lithium prices rise they run up ahead of spodumene which lags the rise , this means lith hydroxide is likely to run up higher and make the profit share better in early months than the spodumene half of deal .
Bean counter , whilist your analysis is in depth , it falls down on a few points .
Firstly half the deal is not in spodumene but on profit of lithium hydroxide which is rising and is a profitable part . Yes at current spodumene price of just shy $1000 its is not profitable , but and big but if spodumene rises $100 it becomes profitable . Spodumene has fallen from $6000 to $935 . Macquarie has just came out and said we are seeing the start of a v shaped recovery . Australian lithium shares are up 25% in last month and Australian spodumene rose $100 on Friday and $20 today . You see by next week spodumene will be over $1100 and the finances start to look good .
But also can max need prem , they will help prem as they need more and more .
I would expect a second off take at Zulu and then a mutate deal .
So bean co7ntdr your analysis is thinking too short term and too small and I don’t mean that in a personal way . Prem is going to go massive in next couple of months and will succeed big time
Dubonet , I reckon we start somewhere around 5% and climb as they get the ph sorted , but where we end I reckon as a guess somewhere just over 6.2% .
Big week coming , but look to what happens next .
How big will Zulu become , what do canmax want .
Then mutate , v quiet at moment , but let’s see , at some time we will see the plans .
If we think where will prem be at Xmas , I think massive . We need to think bigger than anyone is . Acker we always thought prem would be big one day , it will come . Just needs time , Goldilocks scenario approaching , rising lithium price and rising production and perhaps more off take deals and further deals . It will be an incredible year . Acker your forecast that 2024 prem will be share of the year , can easily happen .
Shiny , you can blame stark , if i knew what was going to happen last year i woudl have sold all my shares at 1 p .
what matters is what is going to happen this year . so i suggest shares will rise , so you can sell all your shares now and we will both be happy and lets see at end of year who made more money.
Down under something is changing with lithium shares .
https://www.marketindex.com.au/news/evening-wrap-asx-200-notches-new-record-as-pretty-much-every-lithium-and
You cansee lithium ftures started to rise sharply , then lithium carbonate and then spodumene ,
spodumene follows lithium carbonate rises usually about a month or so later . so this means we should see spodumene continue to rise in March.
On friday in Australia S and P spodumene was up $100 about 12%.
Goldilocks scenario for prem , delay production during 2023 and then just as spodumene price rises go into production in march 2024.
Expect confirmation this week of at least 5% spodumene and expect this to improve through March , to be able to ship in March . For those that don't like volatile stocks don't own prem shares , but those that like a share likely to multi bag this next few weeks and months then prem is for you. but this is not advice to buy, but i was buying thursday and friday .