19,480 tonnes X US$58,000 = $1,129,840,000 or $1.1b per annum. A...

19,480 tonnes X US$58,000 = $1,129,840,000 or $1.1b per annum. A huge amount given the current market capital of $68m
Is it risk free? Hell, no, as we have seen in the past there has been vocal local opposition, but will that always be the case? Perhaps not, with the option of going to an underground mine. So what can we expect? Volatility in price. Frustrations and delays in court. But if/when it gets the go ahead, this stock will fly.

The pricing used in the above is $17,000 per tonne as opposed to the current price of $58,000 so any price drop will have a massive impact, but prices would have to drop by over 70% to get below $17,000 per tonne. And let's face facts, do you think with the projected need for giga-factories in the future do you think the increased demand will result in a shortage or oversupply of lithium? Shortage leads to increased price demand, surplus to a price decrease.

Some may still refer to it as a speculative buy, but does the potential reward outweigh the risk. That is where everyone has to make their own decision.