I know I don't need to tell you to do anything -- as the quality of your posts illustrates - but it's always best to ignore these trembling peanuts as replying only encourages them.
On a brighter note, I'm not surprised by the re-rates of our neighbours in Nevada. Only that it's taken some time for it to happen. These sedimentary clay projects in western USA all seem to settle around the $US25 million to $30 million per tonne of LCE market cap value post drilling with a little bit more added post JORC. Bacanora, Arizona Lithium and American Lithium are all at this rate.
When I look at AZL, it has 4 million tonnes JORC LCE from their oil field brine project in Canada plus another 4 million tonnes LCE from their Big Sandy project (extrapolated from a current JORC of 320k tonnes LCE on 4 percent of the project drilled). Current market cap is around $US180 million but it was priced at four times this a year ago before the problems with drilling approvals with the BLM emerged. I can see LLI getting set for a similar re-rate and significantly larger market cap following drilling and calculation of a resource at the Nevada project. Scotty should avoid AZL's BLM difficulties in my view with quieter and more compliant neighbours. GLTAH.
- Forums
- ASX - By Stock
- LLI
- Ann: Drilling to Commence at 100% Owned Scotty Lithium Project
Ann: Drilling to Commence at 100% Owned Scotty Lithium Project, page-19
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLI (ASX) to my watchlist
|
|||||
Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $11.34M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.5¢ | $9.377K | 74.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20833 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 267 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20833 | 0.120 |
1 | 21739 | 0.115 |
2 | 68000 | 0.100 |
1 | 10000 | 0.096 |
1 | 111111 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 267 | 1 |
0.130 | 18086 | 1 |
0.140 | 30002 | 2 |
0.145 | 11798 | 1 |
0.150 | 78820 | 4 |
Last trade - 14.20pm 19/07/2024 (20 minute delay) ? |
Featured News
LLI (ASX) Chart |