Glad to see that our thoughts are aligned Pokerface. It's funny how when I suggested that the projected SP could be somewhere between $0.70 and $1.35 using the same calculation, I was told to keep it real by another poster. It took a while to convince myself of it, but I think in the long term a SP between $2 and $3 is possible.... or it might be the winning T/O bid.
In a way, the conservative approach by Beer and Co allows us as shareholders to keep it real. Although given the expected increase in demand for lithium, it is not difficult to imagine that the spot price will continue to rise in the future which would obviously impact the SP. It may seem strange now, but I expect that the media will be reporting the Lithium price on a daily basis in the future just like they do with Iron Ore and Gold currently.
Beer and Co Research Revisited, page-12
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