CXO 1.19% 41.5¢ core lithium ltd

Firstly, free money, yay!100% agree JWT. I would build the...

  1. 1,859 Posts.
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    Firstly, free money, yay!

    100% agree JWT. I would build the processing plant anywhere BUT Middle Arm having seen the TNG fiasco unfold. So glad I bailed on them around the 11c mark and sunk that money into CXO. I feel sorry for holders who continue to show belief in the inept MD Paul Burton.

    You're talking acid leeching, roasting etc., lots of chemicals and potential pollution issues. Probably not as bad as TNG's but still a huge issue. Massive amount of kickback from locals who don't want anything built in Middle Arm. I think it's a waste of time even looking into it at that location. Support from the govt means nothing up there. TNG were actually allocated the land by the NT govt, who then turned around and questioned its suitability! lol.

    I'd prefer we looked into Outotec's alkaline based processing technology, it's much more environmentally friendly.

    https://news.cision.com/metso-outotec-oyj/r/metso-outotec-and-halmek-lithium-to-construct-the-battery-grade-lithium-hydroxide-process-using-soda,c3376326

    The Perth plant was predicted to cost $700m but blew out to $958m and rising.

    https://www.argusmedia.com/en/news/2189935-australias-downstream-lithium-sector-takes-shape

    Can you really see Core raising that kind of money to get a hydroxide plant up? Even a smaller one is likely to cost half a billion $.

    I repeat though, "Free money, yay!"
 
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