Hi everyone:

pls be so kind and help me, as i suppose on this board are some people with in depth hard.rock lithium knowlegde:

i wonder. These numbers look to good to be true. what`s the thng here. something must be missing?!

Thanks very much and sorry for the cross-post!


Bacanora Announces Preliminary Economic Assessment for La Ventana Lithium Deposit Estimated at U.S.$848 Million NPV (@8% Discount), Including Additional 16.8M Tonne Lithium Resource Estimate


Table 1. Preliminary Financial Highlights

Open Pit Mine Production per annum 2,735,000   tonnes @ 0.3% Li
Lithiuum carbonate production per annum 35,000   tonnes
Revenue ($US6,000/tonne of lithium carbonate) per annum $US210   million
NPV (8% Discount) $US848   million
Internal rate of return (IRR) 138%    
Average Operating costs $US1,958   per tonne
Total Initial Capital Costs $US114   million
Expected Mine Life 20   years
Pay Back of Capital Costs 1.9   years