Replies to post #6737 on Lithium Exploration Group Inc. (fka LEXG)

[chemist72]

Their income picture will take some time to be fully revealed,

but I expect to learn more in their next monthly newsletter or at the worst in their next 10-Q due May 15.

In either case, we should know MUCH more within the next 2 months.

[flyboyjo]

Lithium carbonate is selling at market for $6,600 a tonne. The operational cost to process the brine ranges from $1,400 to $3,000 a tonne. Averaging $2,200 a tonne.

6,600 - 2,200 = $4,400 a tonne profit
or 66% profit margin.

Now whether that translates into a 66% Operating Margin still remains to be seen.


Side bar, here's nice read on future energy sector needs:

about.bankofamerica.com/assets/pdf/SRI-and-Sustainability-030112.pdf