Morella Corp Ltd (ALTAF)

[tikotiko]

Congrats on calling the Stage 2! You persevered and nailed it with your predictions despite all the negative crap on the other forum. It is a bit different that I expected being indirectly through Shan Shan”s processing plant who cares. It is actually better because it vertically integrates us through Shan Shan. Win win all around!

For those that do not know yet, please read the announcement below of yet another offtaker and details on the plant.

https://alturamining.com/wp-content/uploads/2020/06/2075972.pdf

At the ultimate capacity of 45k tons for the LCE plant, this would require almost 400k tons of spodumene a year at the standard 8 to 1 ratio. Processing plants usually like to use the same source of spodumene, so Altura will likely have to increase capacity to almost double or more. Stage 2 anyone?

This is HUGE!

PS I am not too worried about share volume, even though I don’t like it either.