Morella Corp Ltd (ALTAF)

[tikotiko]

Yes, not a bad start at 5k tons, but they eventually should ramp up to over 200k tons per year for Phase 1 and over twice that after Phase 2. We would obviously need to see what the production costs, selling prices and recoveries will be, but I think profit may approach or exceed $100M/yr when they achieve name plate production for Phase 1 and twice that after Phase 2. We just need to be patient again, and let the company optimize its process and resolve the remaining outstanding issues (e.g., JRO).

The main reason to be happy today for me is that we can officially refer to Altura as a producer and a exporter of good quality lithium spodumene. It sure sounds nice!