TG6 12.9% 17.5¢ tg metals limited

Reply to @ligorioaAny comparison of Burmeister to Manna is...

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  1. 1,437 Posts.
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    Reply to @ligorioa

    Any comparison of Burmeister to Manna is wishful thinking.

    BTW former holder of GL1. I note last year's "robust" Manna Scoping Study assumed a long term lithium price at US$2500. It is now US$1100 or -55%.

    The SS sensitivity analysis states only a -20% drop in price sheds nearly a $billion or 1/3 off the project NPV:

    https://hotcopper.com.au/data/attachments/6025/6025763-d14a27b85a6f552226c00832164dc426.jpg
    https://announcements.asx.com.au/asxpdf/20230214/pdf/45lkqyl3n75xcr.pdf

    The DFS scheduled later this year will make for interesting reading (including ore sorting costs and effect on throughput).

    Reply to @WhatsTheTip

    You said I circled hole 25 as an NSI. I didn't.

    GLTAH!

 
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