@skribbler - your numbers are wrong.
You know that there are agreements in place to sell another 13%.
So there will be only 13% for NMT.
Mt Marion is not producing anything at the moment. It is still to be commissioned and ramped up. Expect it to operate at no more that 50% for its first year.
13% of maximum 35okt is 45kt. And there is only a shady price agreement with Ganfeng. They will set the price they are willing to pay. There is no published figure. Guess who has the upper-hand in that negotiation. Eventually NMT will have to agree to pay them for any offtake for the hydroxide plant. They aren't giving it away back to you. You have the right to buy back what you sold them in the first place.. weird....
In the meantime - this valuable capital from asset sales has been spilt back out in a pittance of an apology to share holders and unwise investments planned in mining tanking titanium and buying a stake in a lithium junior (HNR). wtf?
Precious capital is being burned up on day one when you could have had Mt Marion working for you instead. Bad choices mate. Its laughable to call them dividends. In reality the stock price should have gone down 13% when it was announced and is due for another 13% by year's end. NMT is shrinking, not growing.
By the time you have hit 350kt at Mt Marion - Mt Cattlin will be a 200kt and sharing 100kt each between the partners.
Its already on the way to 150kt. Then there is James Bay and SDV - which just smash the NMT numbers flat with another 200-350kt spodumene plant and a base rate 25kt brine plant.
Get your numbers right.
GXY Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
