More drilling (and positive results) will have zero impact on the share price. If any, it merely extends the life of the reserve out by 5, 10 years. From an NPV perspective, it adds minimal value to the enterprise.
What will move the SP is activity around getting the lithium out of the ground. In ground, it is worthless. Out of ground - now we're talking. BOA's may move the SP, but IMO, does not derisk us.
We need to have a solid plan towards mining. Some binding contracts to start mining, transport and export (Utah point), will move the SP. Nothing more, nothing less.
Ann: Development Drilling Delivers More High Grade Results, page-32
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |