Very well said Kiwi.
The NPV should be a lot closer to the $300m mark I’m guessing, with a 10MT+ reserve confirmed.
At the finance and MMP approved stage, with the mine development underway, you’re typically looking at a SP around the 20-30% NPV Mark. So I’m expecting a SP of at least 7-8c by March 2020. Minimum. That should coincide nicely with the lithium market starting to pull out of its current funk.
Then approaching production, the MC usually heads towards the NPV. Could be a tasty Disallowed within the next 12-18 months if it all goes to plan.
AGM Feedback, page-180
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