Lithium price will continue to increase in 2022 and we will see a new valuation for lithium companies, including LKE, by end February or early March.
We also need to understand, LKE to have a Tier-1 offtake partner, is part of 70% project funding requirement and it need not be for 100% of 25,500 or 51,000 expansion case. If one or two Tier-1 offtake partners agree for rise and fall price mechanism, then IMO long term contract price would be more than it’s PFS pricing and probably higher than $20,000.
It would be interesting to see how many big players (SQM, ALB) have signed rise and fall price mechanism with their offtake partners? I reckon none because it is a new trend and if LKE succeeds, it will be a significant benefit to LKE’s cash flow, future expansion of other projects and shareholders.
Further, there is no requirement to commit 100% production to offtake partners, if demand for lithium is to exceed supply. There will always be demand for battery or higher quality (99.97% purity) lithium and LKE could still possibly attract close to spot pricing on those uncommitted lithium supply in the open market. I am confident Steve and Stu must be working on best % mix of offtake vs uncommitted supply for LKE.
- Forums
- ASX - By Stock
- LKE
- LKE towards TOP-5
LKE towards TOP-5, page-363
-
- There are more pages in this discussion • 23,764 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 LKE (ASX) to my watchlist
|
|||||
Last
4.6¢ |
Change
-0.002(4.17%) |
Mkt cap ! $77.33M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.6¢ | $153.1K | 3.308M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7268 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 1727153 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 1238913 | 0.045 |
6 | 1369000 | 0.044 |
9 | 320787 | 0.043 |
4 | 585809 | 0.042 |
8 | 458584 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 71634 | 6 |
0.047 | 1692033 | 12 |
0.048 | 604649 | 8 |
0.049 | 513242 | 7 |
0.050 | 2332292 | 15 |
Last trade - 12.41pm 20/06/2024 (20 minute delay) ? |
Featured News
LKE (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online