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Rockcat

142 Posts.

67

20/12/22

15:43

Post #: 65385402
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Originally posted by redned71: ↑

Unril they finish the scoping study they aren’t allowed to say anything about potential value. ASX rules.

sounds like someone needs to do some simple arithmetic for you.

as I posted earlier:
“CXO got US$960/t for their 1.4% Li recently. We’re a little under that, so let’s take a conservative US$500/t. That’s an in ground value of US$4.3 BILLION.

if they can flog enough DSO, that will pay for the plant. No reason they can’t just keep shipping DSO all the way through the plant build.”

there’s no argument over the size of their resource. Just take your pick for a price to sell DSO as CXO are doing and have been doing for a while.
it comes to anywhere from $1billion to $10 billion.
DSO is simple. Scoop it up and truck to port. As someone else said $100m would easily do it. I’d suspect a bit less, but happy to go with the $100m. We know our better grade stuff is close to surface, making DSO even more attractive.

pretty simple.

cheers,

ned.

Expand

management should be at least congratulated for being the only lithium company to massively fail in the recent boom.

no scoping study, no mou's with offtakers, no mk Val over $150m, an ever decreasing share price and continual lowering expectations.
that takes some doing.

ESS Price at posting: 30.0¢ Sentiment: Sell Disclosure: Held
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