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Bobwins

09/29/16 1:08 PM

#667 RE: proteinspike #666

The boric acid plant is commercial and has been operating for several years. The lithium plant is still in ramp up stage and has not been declared commercial yet. Nameplate capacity is 17,500 tonnes per year. Currently they are producing about 3,000 tonnes per qtr. When they reach nameplate capacity of 4,375 tonnes/qtr, they will declare the plant commercial and include the full details in the P&L. They aren't doing that yet.

Once they reach 17,500tonnes/yr, they will be amongst the biggest producers in the world. 17,500 is about 9% of total world production. They have announced that the lithium operation is cashflow positive but again the full financials are not available.