MAN 3.85% 2.7¢ mandrake resources limited

Ann: Lithium brine supply agreement signed with Electroflow, page-16

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  1. 613 Posts.
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    I just did a quick calculation assuming a resource of 1.7M tons extracted at 34000t will take 50 years mine life
    At current the current low price 10300$/t it will be equal to 350M and at an overall modest 10% net income to SH we should be making 35M/year for next 50 years. This is just to show the scale of our resources. This is not considering any of the possible associated by-products and other resources such as U. Hope stating assumptions based on projected resources announced by experienced geologist will be considered genuine as there is a tendency from down rampers/shorter etc to discredit this company to their advantage. GLTAH
 
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