posted on
Oct 20, 2020 09:24AM
Message: Form 6-K
Hi, ElithX,
Welcome to the board and thanks for posting.
So much information! I quick read some of it, and things look good, specially when “average processing efficiency” can reach as high as 48800 tones per year… Company will build 40 wells and 28 evaporating polls to start a production… they might increase amount of wells to 50 or 56… Then it talks about operational expenses, taxes, “donation” to local population , environmental impact, etc.
This caught my eye (???) :
“For clarity at a production rate of 40,000 tpa, Ganfeng Lithium is entitled to its 51% share of production (20,400 tpa) and 80% of LAC's share of production up to 25,000 tpa (9,800 tpa) or, in aggregate, 75.5% of 40,000 tpa (30,200 tpa).
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