Let's no overstate things.
A 1.5mtpa mill isn't worth anywhere near 4bn$.
Wodgina alone with 1.15% LiO2 ore reserve, ~70%ish recoveries and 900Ktpa of 5.5% spodumene concentrate production means they munch through roughly 6 mtpa before trains 4, 5 and 6.
That's already 4x the LJ mill throughput, it's brand new and that comes along with one of the largest and best Li deposit in the world at [email protected]% LiO2.
And that was valued 2.3bn$ US through the Albermarle deal so close to 3.5bn$ AU.
There's no denying 15m$ is excellent value though.
In the same vein, at current prices of SC (1000US$/t) and for a 1.5mtpa, 70% recoveries and 1.2%LiO2, Min will get roughly 210ktpa of SC6 for 210m$us or 323m$Au, which will be around 2.4m$au per year in royalties.
Could go higher if MIN decide to expand the mill later if the surrounding deposits allow that investment.
Let's no overstate things.A 1.5mtpa mill isn't worth anywhere...
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Last
$61.01 |
Change
-1.360(2.18%) |
Mkt cap ! $11.95B | |||
| Open | High | Low | Value | Volume |
| $61.97 | $62.05 | $60.92 | $77.08M | 1.238M |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$61.05 |
Change
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| Open | High | Low | Volume | ||
| $61.97 | $62.04 | $60.93 | 48106 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
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