Some future drivers of PLH SP:
1. JORC resources upgrade due 12/17. Already 1.15mts Li2CO3 with an inground MV > US$10b
2. Appointment of process engineers for PFS. Due 12/17
3.Progressing off-take discussions with end-user. Due anytime.
4. Lodged Mining Licence Application for San Jose. Due probably CY2018 Q2
5. PFS due CY2018 Q4
The NPV of San Jose is as follows:
1. SS dated 18/10/17. Li2CO3 price = US10,000/t. NPV (8%) = A$281m
2. Current Li2CO3 spot price =US19,000 to US$27,000.
- AT Li2CO3 = US$19,000/t: NPV (8%) = A$1,386m
- AT Li2CO3 = US$25,000/t: NPV (8%) = A$2.369m
Truly enormous value here and when compared to current MC of A$31m, the substantial valuation gap is a wee bit obvious.
