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5.6¢ dakota minerals limited

so 20% of $600m valuation is 180M seems to much... how about 2%...

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05/10/16

17:42

Post #: 19647554
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Originally posted by springinhetveld ↑

7MT @1.2% gives a bit more than 1MT of 6% spodumene which sells for about $600/tonne.
So in ground value is a bit more than 600m$.

Valuation, for selling, would be at around 20% of this if it would be an economical resources which it is not. But together with their other pieces of land this could be an economical resource... Do not think AJM or PLS are currently interested to buy this, they first have to finance and build their mine. But some competitor might be interested.

Judging by the announcement DKO has already sold this, we will hear by Friday who it is....

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so 20% of $600m valuation is 180M

seems to much... how about 2% of the dirt value = 18M

18M for Lynas sounds about right.

DKO Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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