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2.7¢ mandrake resources limited

Ann: Lithium brine supply agreement signed with Electroflow, page-17

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Chris2184

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23/08/24

09:36

Post #: 75337586
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Originally posted by Rthek: ↑

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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LOL come one mate, there won’t be 1.7Mt of indicated or measured reserves to count towards extraction.

The best you can hope for is to replicate what ASN is doing.

Throwing around numbers like that is very deceiving.

IMO only

MAN Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
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