that might have been true back when they first announced their modest resource. But Li prices have gone to the moon and as I showed above, their in ground value is $4Billion ++. Using DSO that in ground can be converted to cash.
if I was in their shoes, I’d be focused on getting the DSO going ASAP. Very profitable even if Li prices halved, which they won’t. But I like to use conservative numbers.
cheers,
ned.
ESS Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
