Crazy to think a lot of this price rise could be justified by the extra 19,000 ounces of gold per year confirmed today on the Morilla base case.
And anticipation of some drill hits and increased ounces on a couple of satellites to be mined within months - news to drop any day on satellites.
Still a looong way for this SP to run on two fronts to get anywhere near lithium developer peers on the great news today:
1. There are interested parties in the data room taking a look at the project re potential offtakes and/or partnership.
(confirmation of development sees NPV of $1.7 billion come into play as near-medium term scenario for this lithium stand-alone. You can expect our lithium offshoot to hold a very healthy % of that)
2. Get in now (with the SP fully backed by the gold) and get a free hit on a potential multibagging lithium company.
Outrageous opportunity really. They don't come around too often.
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- Ann: Intention to Demerge Goulamina Lithium Project
Ann: Intention to Demerge Goulamina Lithium Project, page-188
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