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Jeffro1990

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159

10/11/22

10:53

Post #: 64688778
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Originally posted by sf120: ↑

ESS currently 117m sitting on 11mt @ 1.21% - This is Mt Cattlin equivalent and Mt catalin is producing 140kt costing 900 and selling at 5k (low grade) - thats around 600m EBIT for Mt Cattalin.

End of November we go well above 11mt - What does the market do? One could argue its priced in but clearly there is upside on the project ... Technically we have support at 42c and given we are touching support - its hard to argue the full breadth of upside is factored in.

Put simply, the downside risk is low given the resource size. The upside risk - well thats a firecracker and subject to this resource which is now only 20 days away.

A good bet imo although a better investment if you hold through this lithium super-cycle

Expand

I agree that downside risk here is low, but I wouldn’t be counting chickens before they hatch regarding the resource upgrade. Missed expectations create downside risk, look at the response to the last round of assays.

How much of the drilling from this year is likely to expand the resource and how much was for resource definition?

ESS Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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General Discussion, page-1305

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