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Bobwins

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Bobwins

Re: Bobwins post# 32135

Tuesday, 02/09/2016 4:08:29 AM

Tuesday, February 09, 2016 4:08:29 AM

Post# of 35778
C$2.41

Orocobre continues to improve production at their new lithium plant in Argentina. Produced 699 tonnes in January,272 tonnes more than Dec 2015. Forecasting 2400 tonnes for Q1 so 1700 tonnes in Feb and Mar. Probably 800 tonnes in Feb and 900 tonnes in Mar. Debottling improvements done so should continue to make progress towards nameplate capacity of 1458 tonnes/month by their 9/16 forecast.

Additional positives are that all Q1 production is Sold to battery makers. Negotiating with additional buyers for Q2 sales.

Total worldwide lithiumproduction is estimated at 170,000 tonnes so Orocobre is going to be a major producer by late 2016. Demand is still high and production shortages are likely for the next several years.

On vacation so cant post link to news PR. Brought ipad because its light but forgot how ipad impaired I am.

Orocobre says they are close to cashflow positive and should reach profitability by summer.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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