Commenting on the termination of the KV Royalty, Liontown Managing Director, Tony Ottaviano, said: “The termination of this royalty is expected to enhance the NPV of Kathleen Valley and lower its position on the cost curve. It will further cement the Tier-1 credentials of the Kathleen Valley Project at a time when the outlook for the lithium market continues to improve. This is a value-accretive opportunity which removes a source of value leakage for the Project and lowers future operating costs.”
The upside is actually bigger than I thought. I thought the $70 was aud, it’s actually USD. That means AUD100/tonne straight into LTR’s bottom line. Massive. The DFS will be a cracker as a result of this move.
ASX Today, page-5913
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Last
94.5¢ |
Change
0.045(5.00%) |
Mkt cap ! $2.291B | |||
| Open | High | Low | Value | Volume |
| 90.5¢ | 95.5¢ | 90.0¢ | $12.70M | 13.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 116447 | 94.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.0¢ | 33526 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |