MAN 3.45% 3.0¢ mandrake resources limited

Ann: BLM Permit received for the Utah Lithium Project, page-55

  1. 10,532 Posts.
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    The point I'm making is MAN are establishing and targeting the fact there is high grade Lithium and Uranium on leases.
    This alone will add multiples to the MC of MAN.

    And you also know that producing lithium from brines is far low cost than mining lithium from hard rock.

    At the end of the day, MAN is imo grossly undervalued when you consider a $23m MC take away 15.3m in cash leaves an 8million EV, the fact MAN is listed would be the $8m valuation, the projects showing no monetary value, but watch, a significant lithium discovery, and if the extraction is suitable we will know later this month then boom imo.
    On top of this the Uranium, if they can prove up what I am believing they have, expect another PDN valuation imo.


 
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