Morella Corp Ltd (ALTAF)

[Etailer]

Altura is producing and cranking out the lithium as we speak. They are looking to get started on phase II. They already have buyers for everything that they produce right now. I do not have the foggiest idea why this stock is so cheap right now. I believe all sustaining costs are around $325/ton and sale price should be over $800/ton.

Projecting lithium production
Altura said its lithium project is “the most advanced stage, near-term producing lithium project” which also has “solid offtake partners” already waiting for its finished lithium concentrate product.

The lithium junior also said that the broader lithium market is currently providing substantial growth opportunities which could help ensure positive shareholder returns.

In April this year, Altura revealed robust economics after publishing its definitive feasibility study into doubling production at the Altura lithium project. Altura could potentially achieve a production rate of 440,000 tonnes per annum of 6% lithium concentrate but would need to spend around A$118 million in additional capital expenditure.

The feasibility study predicts Altura could be in line for total revenue of A$4.38 billion with a 2.3-year project payback period and life of mine earnings of A$2.45 billion.

Altura said that it still has several outstanding milestones to complete before its processing plant is completed, although the main power plant is scheduled to go online on 1st June 2018 with a classification circuit, dense media separation modules and ball mill commissioning to be completed soon after.

https://smallcaps.com.au/altura-mining-verge-lithium-production-western-australia/