ESS 0.00% 50.0¢ essential metals limited

Ann: Mining commences at Sinclair, page-38

  1. 1,675 Posts.
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    I believe he is talking about an indicative in-ground value for the ore.

    There’s been lots of speculation regarding the price over the last year or two... and hard to say without the company revealing financials, but we will have multiple revenue streams in early 2019;

    Ceasium
    K-Feldspar (several hundred thousand tonne in the Stage 1 Pit alone)
    Lepidolite
    Petalite
    Silica

    Updated JORC Resource shouldn’t be far away...

    Multiple samples should be sent to customers over the next month or two, and offtake agreements shortly thereafter.

    PIO also has a lot of tax credits, so the company tax paid on profits will be negligible.

    Current MC of around $30m, and IMO we will have a considerable portion of that in cash (maybe more) once all the deals are done.
 
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