One question to ask everyone on here. What is AJM doing with all...

One question to ask everyone on here. What is AJM doing with all the extra money that it should have?

1. Capital Raised mid lat year for long lead items ------------------------------- $20,000,000.00 AUD
2. Shaanxi J&R Optimum Energy Co., Ltd shares issued to them ------------ $41,600,000.00 AUD
3. Secured Debt Facility of$110million US --------------------------------------- $139,000,000.00 AUD
-----------------------------
TOTAL RAISED --------------------------------------------------------------------- $200,600,000.00 AUD
less Cost to build mine Quoted from DFS ---------------------------------------
Capex of (including sustaining capital and pre-development capital) -------- $139,7000,000.00 AUD
--------------------------------
FUNDS IN THE BANK $ 60,900,000.00 AUD
==================

What will happen with the extra funds of $60,900,000.00 .
Hopefully help fund the plant in china for lithium carbonate.

Here is the currents prices for Lithium Carbonate and Hydroxide in China as at the 04/08/2017

	Products	Prices	Average	Change	Unit	Date
1	Lithium Carbonate(Li2CO3 99.5%)	147000 - 152000	149500		RMB/mt	2017-08-04
2	Lithium Hydroxide(LiOH 56.5%）	155000 - 160000	157500		RMB/mt	2017-08-04

Lithium Carbonate 149,000RMB = $28,100.00 per tonne.
Lithium Hydroxide 157,000RMB = $29,600.00 per tonne.


BOOM times ahead for AJM I think.

This will not be a CASH COW , it will be a CASH WHALE $$$$$$$$$$$$$$$$$$$$$$$

Please DYOR