That chart was posted some months ago on the EER thread by NTaylor and helps explain why believers in this stock tend to be so keen - you can do some simple maths to estimate what the SP would be if we prove up 2BT and the EV gets re-rated to around 50c/t (which still only gets us to around the middle-to-left of that chart). Its about $5/share. (Getting to 2.5BT valued at say $1/t and it starts to get obscene.)
The recent AGM address tells us that JORC should be completed in this quarter, and that a move towards mining licenses is then planned for early next year. All the bits in this puzzle are starting to line up the right way - the next 12 months could be truly wonderful.
- Forums
- ASX - By Stock
- EER
- Ann: AGM Presentation
Ann: AGM Presentation , page-18
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EER (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online