MINRES is lauding this LJ project a a LITHIUM HUB with MASSIVE BUILT MILL.
There are also 3 prior producing mines there and high grade Li & NI hits all around.
As for zebster,
You clearly didnt ready my maths on the royalties payable by MINRES to POS as I posted on the POS thread and unlike you I have done calculations of these and I repeat -
$3Mpa at start
going to $10Mpa -$12Mpa once at Nova production levels OR 20% of Tanqui IGO Li production levels
This means POS has no need for any other cash for the next 10 years & its future secure despite the dirt cheap lowball sale of LJ for which payback will come from MINRES no doubt.
the LJ MILL can toll Li or Ni at 1.5MTpa and can be expanded & refitted for LI
Its location a boon for MINRES and a massive LOSS for AF BMM IGO BHP imho.
MINRES is gonna make a fortune from LJ project
On my matsh its $1,000M revenue in the making and MINRES can use ts cash and staff power to do it fast, cheaply and productively.
and market agrees as the MCap has now risen $1,050M since the LJ purchase by MINRES
Thats the point, MINRES has made a FORTUNE on POSs LJ project purchase for a paltry $15M cash.
The LJ LITHIUM HUB IS GO !
MINRES is lauding this LJ project a a LITHIUM HUB with MASSIVE...
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