Reposted on the correct thread. Post #:48273257 Post #:48271592...

Reposted on the correct thread.

Post #:48273257
Post #:48271592
Post #:48271364



Here's a good table posted in the MLL threads. All 3 of these stocks have been on a tear. thought i'd add in PSC's figures for comparison.

Market Cap - 43M
NPV10 - 1000M AUD
IRR - 71%
EBITDA - 237M AUD
Reserve - 37.4mT
Grade - 1.2%
Mine size - 2.4mtpa
concentrate opex - 344/t USD
concentrate opex with petalite credit 14/t USD
concentrate price - 666/t (noting ultra low Fe attracts up to 1.7 times higher value.)2m
capex - 162M USD
Ownership - 87%

Upside 20.3 bags.

Also, PSC is actually further advanced that all 3 of these mines with Offtakes 100% secured for petalite. and 71% offtake for spodumene.

other advantages the 4% ultra low fe petalite can supply glass and ceramics market. Only supplier outside greenbushes which can supply TG spodumene.

Capex is lower than all those, with almost an equal or better ebitda.

Recently petalite recoveries have almost doubled which was not factoered into the previous DFS and thus the mine life would have increased along with the NPV.

IMV PSC has economics which rival companies with market capex up to 8 times higher.
PSC is more advanced in development than all these projects. (offtakes secured)
PSC has the most upside in terms of NPV/MC.

PSC arguably should trade at a higher % of it's NPV compared to these companies yet trades at a mere 5%.

A lot of upside here IMO, if and when PSC get finance over the line. In the meantime U1 running the ruler over us for takeover/equity etc. For those reading this isn't a hype statement. There's an MOU which states this is exactly U1's intention. Wonder if there's some price supression going on.

IMV lots of additional supply is required to meet lithium demand so expect AVZ, MLL, LTR to all increase in value in the future. The more they increase the more undervalued PSC becomes. Loving the RvR here.

*disclosure my average is now in the 14c range. More buys sat in the 10c -10.5 range.


Petalite has 100% offtake secured so this credit is real. This is why PSC has one of in not the lowest cost of production for spodumene.



Check out the price received for the ultra low petalite product.
Putting this price together with the petalite offtake.

700,000tonnes across 7 years is 100,000 TPA.
at 1300-1400USD p/t = 135M USD revenues in binding offtakes on the petalite product alone.



Then add in the Spod.

current cash on hand ~7.2M AUD.

Market just needs to wake up to the company tbh. our presentation was released 1 week ago today. total views is 2934 ~ 366 views per day.

MLL had 15,000 views in 24hrs. That's 40 times more penetration to the market on the announcement.

*disclosure buys parked around the 10c mark, accumulating down.

SF2TH