Yeah but we spent and committed to C$50 million for the Troilus deal , and as I have stated numerous times ..." What's that about " . Spent and / or committed another near C$15 million for the Jordan deal. We know what that's about right .
So if we spent another C$25 million for China's stake in Lithium Chile Inc for almost 20% interest in a FAST TRACKED revenue stream from Brine .....How different is that to paying DOUBLE for what Troilus is costing us before any further tie-ups on that expanded package ....or even before any concrete historical results are put together and additional costs incurred in proving something up. PLUS Lithium Chile Inc found one of the very few fresh water supply aquifers on its tenements and so who has the access to FRESH water in that game will ultimately be the ' Strategic King '.
I dunno , I like it. And I like it sooner than later because that's what Canada appears to want for this particular divested chunk of this business.
And its cheaper on last night market pricing than even when the Chinese bought in after Goldman's downgrade MACH 1. back in Mar / April 2022.
How much better can it get than to act now. Has done alright for ALLKEM's combined hard rock / brine valuations. So if we could value up at at least HALF that of ALLKEM , we'd be sitting on that previous broker valuation of 53 - 55 cents. Or thereabouts. And all just for a ' Flash Splash ' of C$25 million.
And heck we're already up almost $1.4 million on the Troilus deal based on last nights close.
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