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You don't let me be silent on lain.
"So, just to make it crystal clear, there are two dynamics here.
One, upscale our PFS by sweating the plant (add extra shifts)
Two, upscale the plant size or number of plants; this is the second parallel study that KC talks about."
So in your own words we choose to run a parallel costly study (these are not for free like buy one study get an additional for free) to upscale the size of the plant or plants with probably additional environmental study requirements depending where these additional plants will be, instead of option one, to upscale the PFS by adding extra shifts.
Hmmmmmm, let me think, I have two options......which one should I choose.....
I don't know how to boil a frog, but I know how to fry his legs.
By the way, except EMH next year I have two other companies that must release their DFS. Should I start contacting them and ask them on how many shifts did they calculate their PFS's and on how many shifts the DFS will be calculated on?
Looks like everyone here that had a chat with KC or some email exchanged and had a few beers with some of the folks has become a mining expert. This is going nowhere. I don't see any point anymore arguing. Everyone has his own opinion. The one shift story for me doesn't stand. As I said, please enlighten me on how many shifts was VUL's PFS calculated on? I don't think you have an answer for. Again why not go to the bank with a DFS of two shifts, double production and double profits if it is only a matter of adding another shift that you didn't include in your PFS?
What is this parallel study that you have to explore when is as simple as you imply if adding another shift? I couldn't care less if you had a drink with Babis, the fact is that you are not answering those simple questions. Good luck to all. I will go silent. I will let the DFS speak for itself.
If pure hydroxide then yes the molecular weight is 24. Don't know the final makeup of product but for argument sake let's say it is pure 100% LiOH. If the li content is 0.5%, then for every tonne of dirt we get 5kg of lithium. Once converted to OH we get 24/7 multiplied by 5...... 17kg. 1000/17 = 59 toners of dirt per 1 tonne of product. This assumes that we have 100% conversion of lithium (which we won't) and that the lithium product will have a molecular weight of 24.
Being anhydrous with a molecular weight of 42 you need half the dirt.
Credit Green machine.
Molecular weight is 42 due to the compound being anhydrous. This means it requires less dirt to get to the 1 tonne of product....
Credit Green machine. Also the grade is very important to do any calculations.
Well Punter, in the submitted EIA study the location of the plant is specified. You can go in the previous released data of the drill holes and check what grades we have around the proposed plant. I don't remember having a lot of drill holes that we found over 1% grades and at what depths that was.
Also lain, if that was the case, that the PFS was calculated on one shift, there are serious legal implications for misleading the market and the shareholders. If I remember well, the day after the trading halt that we started trading, when the PFS came out, we dropped from 1.42 to under 1.00. If it was mentioned that the PFS was calculated non one shift, then all the calculations change with the possibility of having two shifts and the market would have received it differently. Concealing vital information as such from the market I can assure you is not normal.
Also part 1 when I say scattered I mean over a vast area that we have to move underground. The lithium may not be at the depth that the old mine tunnels are. We don't know the depth departments if the old mine. That's what I meant
I agree with most of what you say laintittle except part 2. I know who the source is and if that was the case it should have been detailed in the PFS. Can you tell me on how many shifts was the VUL PFS calculated on? I am embarassed to ask them........
Also if that was the case then the easiest thing is to put two shifts on the DFS and double production, after all the machinery and everything else will be in place. Why run a parallel study to explore the possibility? Just have everything work on two shifts. .........you see the problem with what you and Fingy claim?
So now that we established that we need about 20 -25 tons of dirt in order to produce 1 ton of lithium hydroxide, depending on the grade where we excavate, the numbers look a lot better. 2 portals would give access to more soil, of course will have to do some more drilling around the entry points in order to establish the degree and depth movement of the resource underneath. The resource is scattered over a large area and at different depths and grades. From what I remember we will initially target the 0.6% grade.
Arnaud, I am not debating shifts, of course mines have shifts and normally one of the shifts is allocated for maintenance and repairs, or they allocate the weekends for it. I am just saying PFS's and DFS's are calculated on yearly production and not on one shift. As per KC's own words, they will probably start a parallel study to explore the possibility of doubling production but that will run parallel with the DFS, and is not going to be in the DFS that we will see next year. It will come at a later stage maybe after the BFS. The machinery that is intended to start the mining is specific and is not an open pit that you can say that you are going to put extra 50 trucks and 300 more people to dig. We are not mining with picks and axes. It's in underground operation with also limited space underground. And we also have to move underground within the part of the lithium containing soil. The answer would be multiple entry points. We will see in the DFS.
Sorry cadellin, I am just replying to the blond ignorantmullet in the same way he replies.
Read below. My question was very clear.
How many metric tons of soil do we need to excavate and process in order to produce a ton of "lithium Hydroxide".
The ignorant mullet replied with Geomet's soil being 1% lithium.
I told him I didn't ask about what percentage of soil is lithium but how many metric tons of dirt we need to excavate in order to produce 1 ton of lithium hydroxide.
Then the ignorant mullet replied
"I gave you the answer, do the maths you fumb duck" not realising that he is the ignorant fumb duck that has no idea about mining trying to be a smart a.. like always insulting people. Made a fool of himself once more.
Thanks again to Green machine for clarifying the numbers required to produce 1 tin of "lithium hydroxide"
Can you tell me if you know how many metric tons of soil we need to process in order to produce a tone of lithium? Or if anyone has the numbers could do the calculations based on our Li grades?
I give up, no point to argue anymore. The DFS will prove either you or me wrong. Or we may both be wrong. Just to let you know that normally mines allocate a shift for maintenance or on weekends. Don't forget, what is written is there to stay.
As I said, DFS for 82.500 tones( 3 shifts X 27.500) correct? That's what you are saying and that's what you imply that KC told you when you emailed him. Well we will see in a few months. As I said, I will fall on my knees and ask forgiveness and commission a statue of you that I will cherish every day. But please don't dare say anything else if these numbers are not in the DFS.
You should know by know that the sentiment won't be there for ever. Lithium and most of the battery necessary metals and materials are on the up, but soon the market will find something new to hype and slowly the lithium hype will go back to normal. We went up from 0.40 to 2.00 just based on hype, some YouTube videos and wise owl write ups. Do you think we can maintain this share price level without any news from the company?
Better whinging than living in lala land. Ah but I forgot. I am trying to reason with the one shift 50.000 tones, three shifts 150.000 tones.........and maybe 160.000 tones on leap years because there will be an extra day of production. You were bombarding us with imminent offtakes with Tesla and I don't know who else in April. What happened? We are in mid August. Most of the ones listed have almost reached their all time highs with overvalued market caps . I would love to see EMH at 1B market cap today but it can't come just because there is a lithium boom and hype or some wise owl pumps(we are paying for this). It has to come through progress announcements, resources upgrade, environmental study approval etc.