2021 - The Year for EMH, page-428

You are right Haplo , but i will disagree with one point particularly when the market compares Piedmont and EMH . Piedmont has a deal for spodumene with Tesla for 8,000 tonnes at $550 which is close to cost , total value $4.4 Million and has a $1.3 billion market cap . They still need to raise 100% of the whole project , so lots of dilution to come . EMH whilst it has 50 % of the project , the project is actually 10 to 20 times bigger and we now know we will get Free money ( Rodney Hooper $100 mil ) and then 70 % soft loans , so the maths is actually EMH need to raise 12 % of capex for 50 % of the project that is minimum 10 times bigger . Now when we get our first offtake , lets take Tesla 8,000 tonnes of Hydoxide , our sales value will be ( at $14,000 a tonne ) $112 Million compared to $4.4 million and EMH will have $40 million profit which is half share compared to Zero profit for Piedmont and their spodumene . The general market still generalises all lithium in one basket , this is one hurdle we need to overcome to get to a better valuation . I fully expect that we will actually surpass PLL market cap once the numbers are understood in comparison to PLL . The annual report for PLL at June 2020 showed a " consolidated " top 20 owning 73% , at same time EMH top 20 " Consolidated " owned aprox 85% . Based on the shortage of shares and a re-edducated market and more than probable 1 or two soon offtakes geater than the 8,000 tonnes of spod for PLL we will hit and hover at the $10 per share mark . Or $1.72 billionmarket cap . Just by KC indicating a move to Nasdaq proper indicates he thinks we will head to a $886 million market cap . There is lots more to be able to value , EMH , Their vision of more than 25% of 30 million cars is a massive incentive to invest in EMH future . And the fact Geomet will be rquired to share 70% of profits with their share holders in dividends . Massive rerate expected .