I forgot to add supporting document about Greenbushes and BYD's financial facts. Here they are;
This is from IGO's Sept. Quarterly report.
Quarterly Revenue: AU$ 2.244bn
Profit EBITDA : AU$ 2.039bn (US$1.345bn)
90% profit..!
How good is that.
And that's happening when they sell the SC6 spod at US$3,750/t
(PC: GB uses ave. 2.7% ore grade to achieve very low cost. That means they are wasting their high grade ore and will run out of it even quicker than estimated -before 2032)
This is now BYD's quarterly net profits in RMB (1 US$=7.1 RMB)
Sept quarter profit is RMB 10.4bn (US$ 1.465bn)
I forgot to add supporting document about Greenbushes and BYD's...
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