Banter and general comments, page-26440

I never really understood this issue/argument about the mine being small and therefore not a TO target. The size of the reserve obviously plays into the TO price so for $3 a share lets say (which I would be happy with) the buyer pays about 6 billion i.e. you get what you pay for. No one is saying it's worth 20 billion etc.

In fact, who even knows if Li will be needed in 10 years so in my mind a small mine that's making money now may be more attractive to a buyer than a big mine that may make money in a few years but then it's huge reserve may be not needed.

As they say - every pot has a lid