If Similar % used as highlighted then for each 1% purchase of the company will cost approx. $17 million.
If a different rate used - then adjust accordingly - but this was the rate used for the last sale of a stake in PLS to Posco.
Not Sure if the whole $500 Million will be used only for this transaction - which I doubt as Posco have a few things to fund atm - ie Cobalt as well.
Still an extra
10% = $170,000,000
15% = $255,000,000
20% = $340,000,000
(From Cinbo post)
POSCO acquired a 4.7% stake in Pilabara (equivalent to AU $ 79.5 million) with a corresponding convertible bond and signed a long-term contract. this yearThe company plans to procure up to 240,000 tons of lithium concentrate per year (capable of producing 30,000 tons of lithium) annually.
SK60
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