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8.33% 3.9¢ european lithium limited

Ann: Acquisition of Advanced Lithium Project with Resource-PNE.AX, page-13

  1. ddzx
    37,911 Posts.
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    11/05/16
    14:28
    Post #: 17736462
    i can't see the value. did i read the announcement right?

    the want the next JORC to be 58,500 tonnes

    58,500 tonnes at US$600/t & $200/t operating costs is AUD$31M in cashflow before tax & depreciation

    they are going to have at least 600M shares fully diluted post-acquisition

    at 10 cents, PNE is valued at $60M

    are they planning to do more exploration because the current JORCed deposit is tiny?

    thanks
    EUR Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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