@peppa agree, although I've got slightly different targets. The most recent PEA on 1 Sept 21 states 15kt NaBr and 2674t LCE. The plant designs are modular and the original PEA Stage 3 had 4 modules. That's 60kt NaBr and 10696t LCE, with revenue of $317M and $140M respectively (using the 1 Sept PEA numbers).
That puts the NPV at approx USD$3billion. To justify these production rates, I'd argue they need a resource of >500kt LCE but preferably >1Mt. They currently have 200kt, this next drill at Long Canyon 2 is targeting 500kt + just at that one well. Then add in the reentries of Sunburst and Mineral Canyon and 1Mt ++ will easily be achieved.
If the above can be proved up, and existing data suggests a very good chance of it, then that USD$3B+ NPV becomes very realistic for the DFS due end H1.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 358088 | 9.7¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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7 | 475652 | 0.096 |
12 | 731131 | 0.095 |
3 | 195173 | 0.094 |
3 | 118545 | 0.093 |
Price($) | Vol. | No. |
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0.100 | 100000 | 1 |
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