key is to drive at the DSO. CXO got US$960/t for their 1.4% Li recently. We’re a little under that, so let’s take a conservative US$500/t. That’s an in ground value of US$4.3 BILLION.
if they can flog enough DSO, that will pay for the plant. No reason they can’t just keep shipping DSO all the way through the plant build.
market wants now and spectacular, so likely a yawn or down.
I topped up the other day. Happy holding for longer term.
cheers,
ned.
ESS Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
