ORL.to/OROCF +.07 to C$3.74 Orocobre continues to steadily climb. Near 52wkhi of C$3.90. Production in Q1 was 2,332 tonnes of Lithium Carbonate. Forecasting Q2 production of 3,000 tonnes. Nameplate capacity is 4,375 tonnes/qtr. Expected to reach that level in 9/16 Qtr.
Once they reach nameplate capacity, Orocobre will be producing just under 10% of world production of lithium carbonate.
Study has begun to double capacity to 36,000 tonnes/yr. Expected capex of C$140million is 40% less than original cost of building existing plant.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE