and the new Li Ni HUB at LJ purchased for $15M but market valued it at $1,000 will be a massive growth story going forward with potential $1B revenue pa alone there
LJ has a large MILL built and in "remarkably good condition" with 4 prior producing mines at high grade plus Ni high grade that would have cost MINRES $800M to build from scratch.
We recently saw the WA refinery cost blow out to $800M
And MINRES & IGO stated recently -
2 days ago — Li Prices cratered from US$8000/t to a low of US$850/t in January. But MinRes says its weighted average SC6 equivalent price came in at US$1030/dmt ..[IGO is selling at $1,300 dmt]
large price increases & a massive saving and bonus for MINRES by buying LJ off POS for peanuts.
MINRES OWES POS,
MINRES is going to benefit from this surge in LiP NP imho.
Ann: FY24 Q3 Quarterly Activity Report, page-9
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Last
$53.92 |
Change
-2.000(3.58%) |
Mkt cap ! $10.56B | |||
| Open | High | Low | Value | Volume |
| $55.69 | $55.75 | $53.92 | $70.45M | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2257 | $53.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $54.20 | 2000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MIN (ASX) Chart |