posted on
Mar 03, 2021 02:33PM
Message: Re: News
Concerning Thacker Pass, it was good to see this statement in the Annual Report:
"The Thacker Pass TR was completed in August 2018. Pursuant to the mine plan in the Thacker Pass TR, LAC contemplates developing an initial Phase 1 production capacity of 30,000 tpa of battery-grade lithium carbonate commencing in 2022 and increasing in Phase 2 to 60,000 tpa in 2026."
So, we are not, so far anyway, watching that particular "can" being kicked anywhere for the present.
This presents a coincidental production date for both Cauchari-Olaroz and for Thacker Pass as 2022. Now, if the company can just stick with that coincidence then 2022 will be the year we finally see real time production make its role in impacting the share price of LAC.
In the meantime, and for "one more year" we sit on the side lines and wait for interim news items to make the scene and have their own impact on share price, be it good or bad. Thank goodness there are a number of positive milestones that should be reached over the next year prior to actual production for both Cauchari-Olaroz and for Thacker Pass.
As it now is scheduled, subject to change of course, the "Perfect Storm" ingredients are in the mix:
1) Anticipated higher prices for both lithium carbonate and lithium hydroxide during 2022
2) Cauchari-Olaroz finally going into production, delayed as it is by COVID-19, but in production in 2022
3) Thacker Pass in production in 2022, assuming that all water issues are resolved and that there is no adverse litigation result for LAC's Nevada Lithium .
IF these 3 events occur during the same calendar year, 2022, then the "Storm" should be just in reference to how high the share price will be blown upward by that confluence of positive factors. JMO
Okiedo
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