I would think you're pretty close there with your figures, however I have all along calculated with $1 billion sale, which was the amount TG was suggesting => $800,000,000 capital return => about 45c per share, which would leave about $200,000,000 in the company. This then gives the scope to do exploration at Buldania to bring it up to standard, by establishing another larger lithium resource ready for sale while in parallel Moora could be explored, without having to come back to SH for more capital input.
All that while no one has to sell a single share to get that capital return. So I'm talking capital return of about 45c per share and not like some were thinking special dividend. There is a difference, which we discussed here before.
Anyway IMCO the updated PFS should bring us a lot closer to the above scenario, because it will bring all the figures any interested parties would be interested in out in the open. What ever is not out by then should be available to interested parties when LTR opens up a data room. I'm sure Bridge Capital will also revise there figures when they have the PFS to hand, which should be published shortly after the PFS announcement, which may give another push along to the SP shortly there after, while Bell Direct may also do a follow up and update their figures.
Once it is known that a data room is going to be made available, I think the SP will take care of itself as speculation will hit overdrive. Anyway personally I think my 31.5c target might be reached before time and I will be happy to follow up with further targets as they become possibly if not even probable as the exponential curve is developing!
Yes as many already said Moora will be a bonus to what is going to happen anyway and so to speak in technical terms, I wouldn't be very surprised if wave v of 3 would develop as an extended wave v move blasting past 31.5c like wooosh! In other words another even steeper rising channel might be required!
In any case IMO it is not the time to be without a LTR hold and to use one of those misused saying here in the correct context, any chartists worth their salt should have been able to identify such a possible move!
New TA/Charting, page-3843
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