Guys, with a 1c coy, the potential is what you are betting on.
Tried to find some data on the AISC for li2co3.
The figures are in USD (Scroll down to it)
https://miningdataonline.com/property/list.aspx?cat=2&sids=5%2C10&ssids=1%2C2&vw=11
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Mid range AISC in USA for li2co3 is stated as USD $3,500
The Spot price for Lithium Hydroxide is between USD $8,000 to USD $10,000 as of Q3 2020
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"2019 JORC inferred resource of 32.5 Million tonnes grading 1,850 ppm Li for 320,800 tonnes Li2CO3."
Above is for a small % of our land holding
Even if we look at a profit of just USD $2,000 per tonne on todays prices...
320,800 tonnes Li2CO3 x USD $2,000 = 640,000,000 (AUD $864 Million profit)
Our MC today is $16 Million. So above is 54 times that. So SP would be 59.4C (only on Lithium Jorc so far)
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Please feel free to correct.
Again, its this potential we are buying HWK for, for surity there is Westpac and CBA lol.
Ann: HAZEN RESEARCH EVALUATES PRODUCTION OF BATTERY GRADE LITHIUM, page-22
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