General Discussion, page-343

First 343 Last

Share
Profile

Follow
WesMantooth

83 Posts.

13

04/04/22

13:22

Post #: 60630645
Share

Originally posted by ironman100: ↑

Hi All

Great question - to me matters not what the SP is in the Short term, I'm not a trader.
Although personal prediction/target for EOY is around the $1.50 mark - remembering the Scoping study will be completed in Q4 , and spell out the very mega -profitable mining project of North Dome. This should put a rocket under the SP and this is all before EOY.

Ken Brinsden CEO of PLS has recently stated that all large Spodumene Deposits in Tier 1 locations have been found.
ESS is one of the lucky ones here!

But I have pondered what the long term SP could be in a couple years like many here .

1. I we assuming every greenfield, brownfield, current expansion of existing mines are taken to mining there will still be massive supply shortages coming into 2030 and battery metals will be the limiting factor for Electric car manufactures. At least a decade and probably more Car producers wont be able to produce as many Cars as they would normally do if supply was not an issue. So unless there is manipulation in the Spod price, US$ 4-6K /t will be the new normal for Spod for quite a while.

2. All decent Hardrock and Brine resources will be mined.

3. If you believe 2. then North Dome WILL be mined. It has to be, Spod prices have incentivized and supercharged Exploration, Mining and Production and prices are not going down anytime soon.

4. If you believe 3 that North-Dome will be mined then - conservative MC of ESS is 1.5-2B - due to the deep drilling we will probably have a RESERVE to go mining bigger than CXO's 7.4mt. We could have around 10mt Reserve

5 With some dilution to raise funds taken into account the SP could easily be $5.00-$5.50 longer term 2-3 years right before our first shipment to our first off-takers and cornerstone investor (ME's thinks this will be the same Company)

Currently though, Its looking like another surge on the Lithium Stocks over the next 2-3 months.
The most undervalued Li stocks (with Resource) will provide the most value in the near and long term--------> ESS

Keep your eye on the prize.

Expand

thanks Ironman! Great analysis, hope ur right!

ESS Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

There are more pages in this discussion • 2,011 more messages in this thread...

First 343 Last

Add ESS (ASX) to my watchlist

General Discussion, page-343

Top Stories

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Featured News