unlike you armchair pundits
I made a mathematical assessment of the LJ royalty stream payable by MINRES to POS.
And NO ONE has countered it at all !
The stream is 0.75% Li & 1.5% non-LI (Ni Co) which at 1.5MTpa and production of Li Ni Co will be around $800Mpa revenue assuming a 50-50 Li-nonLi split and Nova level production as the MILL is the same size. I expect the MILL to be upgraded and refurbished and increased in capacity also.
MINRES is using the LJ Ni MILL to convert to Li production & non Li production (already ready for the latter) and can get this turnkey MILL into production very fast using its massive cash at bank of $1.4B and its massive engineering squad and workforce.
My estimates are 3-4 months from fast settlement with MILL refurb preworks & camps already under way on site and maybe has been underway for even the last few months IN SECRET.
This LJ purchase could be worth over $4,000M to MINRES like the Nova site is to IGO nearby for the same size mill as at LJ
Forget $15M cash & small royalties.
MINRES made a fortune on POSs LJ Project imho.
The QUID PRO QUO is coming.
unlike you armchair pundits I made a mathematical assessment of...
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Last
$76.41 |
Change
-0.710(0.92%) |
Mkt cap ! $14.97B | |||
| Open | High | Low | Value | Volume |
| $76.82 | $77.17 | $75.94 | $28.03M | 367.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 863 | $76.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $76.41 | 5 | 1 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$76.23 |
Change
-0.710 ( 0.87 %) |
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| Open | High | Low | Volume | ||
| $76.73 | $77.16 | $75.97 | 29778 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| MIN (ASX) Chart |