To be honest i'm mainly interested in atlas going into lithium if the options get exercised in the near future.
we would have a $450,000,000 war chest from them options alone (let alone profits form iron ore sales between now and then) and would be able to go straight out and joint venture with a company with a known supply.
personally i think doing a joint venture with AJM or PLS would be the best possible outcome and we dont have to go after there lithium in the ground.
If any of you have done any research on these companies you will know that they want to get further upstream in the market with there suppliers and that will cost big bucks!! imagine buying a 1/2 of one of these companies with a deal that we pay for the chemical plant venture that they want to do in china.
Lithium Spodumene is worth US$900 a tonne (latest galaxy contract)
compared to the final prodcut made in china below.
Lithium hydroxide is worth US$20,000+ (roughly 8-1 ratio of spodumene in a chem plant)
what part would you like your business to be apart of?
the lithium hydroxide plant being built in kwinana (Western Australia) for Greenbushes Talison is a $400mill plant
AGO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
