I am going to try my fast track valuation. Any correction welcome.
All appox numbers
80mt Ore Reserve
7:1 to spodumene
11 MT Spodumene
Current price between 800 and 900 USD
Minus 300 odd cost = 500 USD margin per tonne
meanes life of mine margin USD 5.5B
NPV wit 10% and 25 years LOM USD 1,915B
That is roughly USD 1 per share.
What can change that number:
1. Significant resource upgrade in DFS stage 2
2. Expected higher spodumene prices by the buyer
3. Significant acceleration in production (NPV gets discounted less)
My take: USD 1 would be nice but I doubt it. I guess we end up around USD 0,80.
Disclaimer: I an new to AJM. I bought into Lithium (because I firmly believe in the story) over the past 2 weeks and am long PLS, AJM and SYA
Ann: Response to Speculation, page-438
Add 1MC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
Day chart unavailable