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.
and the new Li Ni HUB at LJ purchased for $15M but market valued...
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Last
$55.60 |
Change
0.840(1.53%) |
Mkt cap ! $10.87B | |||
| Open | High | Low | Value | Volume |
| $55.25 | $55.68 | $55.14 | $32.89M | 592.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 638 | $55.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $55.62 | 124 | 7 |
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| Last trade - 14.34pm 25/06/2024 (20 minute delay) ? |
| MIN (ASX) Chart |