I spoke with David Flanagan on Thursday at the RRS Summer Series. He is extremely passionate about this project and seemed sincerely driven by the positive impact that the mine will have on the impoverished local people.
The project looks extremely robust, with similar margins on graphite extraction as PLS will be seeing in a few months with their lithium. A payback period less than two years is fantastic, and the graphite grade looks solid. David said that they will have no problems finding a home for their product, and suggested that they were in no rush to lock in off-take.
Most importantly for my own investment decision, is that the unlisted options due to expire soon are only in the money at 10c. The big guys won't be throwing them down the drain, they'll ensure that the price is above 10c. So I'm expecting at least 30% profit in the short term and multiple bags by April 2019.
A strong buy in my opinion.
- Forums
- ASX - By Stock
- WTM
- Ann: Battery Minerals prepares to develop Montepuez
Ann: Battery Minerals prepares to develop Montepuez, page-83
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.5¢ |
Change
0.015(5.36%) |
Mkt cap ! $55.70M |
Open | High | Low | Value | Volume |
28.0¢ | 31.0¢ | 28.0¢ | $316.1K | 1.074M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18663 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 20296 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18663 | 0.295 |
2 | 42000 | 0.290 |
1 | 100000 | 0.285 |
1 | 89000 | 0.280 |
3 | 67450 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 20296 | 3 |
0.310 | 57225 | 3 |
0.315 | 24550 | 2 |
0.320 | 55329 | 3 |
0.325 | 18000 | 1 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
Featured News
WTM (ASX) Chart |