One question to ask everyone on here. What is AJM doing with all the extra money that it should have?
1. Capital Raised mid lat year for long lead items ------------------------------- $20,000,000.00 AUD
2. Shaanxi J&R Optimum Energy Co., Ltd shares issued to them ------------ $41,600,000.00 AUD
3. Secured Debt Facility of$110million US --------------------------------------- $139,000,000.00 AUD
-----------------------------
TOTAL RAISED --------------------------------------------------------------------- $200,600,000.00 AUD
less Cost to build mine Quoted from DFS ---------------------------------------
Capex of (including sustaining capital and pre-development capital) -------- $139,7000,000.00 AUD
--------------------------------
FUNDS IN THE BANK $ 60,900,000.00 AUD
==================
What will happen with the extra funds of $60,900,000.00 .
Hopefully help fund the plant in china for lithium carbonate.
Here is the currents prices for Lithium Carbonate and Hydroxide in China as at the 04/08/2017
Products Prices Average Change Unit Date 1 Lithium Carbonate(Li2CO3 99.5%) 147000 - 152000 149500 RMB/mt 2017-08-04 2 Lithium Hydroxide(LiOH 56.5%) 155000 - 160000 157500 RMB/mt 2017-08-04
Lithium Carbonate 149,000RMB = $28,100.00 per tonne.
Lithium Hydroxide 157,000RMB = $29,600.00 per tonne.
BOOM times ahead for AJM I think.
This will not be a CASH COW , it will be a CASH WHALE $$$$$$$$$$$$$$$$$$$$$$$
Please DYOR
AJM Chart, page-794
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