quality effort @CYMON
48MT is how much we have just added to measured and indicated. There is NO WAY this will not be going up this week (double negative I know).
Can you imagine if one these pissy little lithium hopefuls (ADV, DKO etc) came out with a maiden resource of 48MT in the measured and indicated categories? It would probably add $200-300m of market cap over a few days.
Here's another number;
3.98MT of LCE is worth? Ken's tweet from June 30th said inland Chinese prices at USD $25,000/t for lithium carbonate = $99,500,000,000 i.e. $99.5B try it, your calculator might break.
OK, what about a more sustainable price, say $12,000/t? That's closer to US$48B of revenue for a downstream producer of carbonate.
Aren't we looking to become downstream participant???
Ann: Pilgangoora Resource Upgrade-PLS.AX, page-194
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