Well I wouldn't be comparing us with Altura,we are more like a mini PL$.
Altura was swiming in debt,something like north of $250m.They had no choice,we have no debt,cash in the bank $100m+ and have choices.
Our ore grade is a little higher than Altura had and we have a similar resource to what they had at the moment as we are a mining/exploration company and a lot of our tenements are still underexplored.
We also have other resources like uranium and gold maybe others.
Our biggest problem at the moment is not the spod price but the costs,our costs are all over the shop at the moment due to the initial stripping and ramping up of the mining of the ore and have the feeling as we mostly use contractors for basically everything that their costs are highly inflated.
So if we can get the costs under control we could even start mining the ore soon.
Have my doubts that spod price will ever get close to US$3000t again,I think the all time highs was a once off off and has created a misconception.
One thing I think we lack is experienced personal in the lithium sector and we need to try and attract them to the company somehow.
Well with our resource,assets,cash in the bank,infrastructures as well as all our tenements at this current moment I would say $800m - $1B so looking at 60-75 cents.
A hostile takeover would be needed in my opinion.
If anyone was thinking 10c tell them their dreaming.
Cheers
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