An interesting price target all the same. I have heard that sort of number from another source. It makes me think there may be some degree of confidence around there being a lot more than 20mt of the high grade (low iron content) spodumene. That would certainly get the calculator whirring.
That would be a large market cap for a minnow, but stranger things have happened. Occasionally minnows discover something very valuable, and their value goes off the scales. Could we be that lucky?
The MD has mentioned the initial target of 15mt to 20mt of 1.8% Li2O and 400ppm Ta2O5 within a growing resource. Mmmh. Lots of drilling results to come fairly soon. So, we could be in for a treat.
calm before the storm, page-43
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