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.
- Forums
- ASX - By Stock
- MIN
- Ann: MinRes to develop lithium processing hub
Ann: MinRes to develop lithium processing hub, page-52
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MIN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$74.99 |
Change
-0.110(0.15%) |
Mkt cap ! $14.69B |
Open | High | Low | Value | Volume |
$75.10 | $75.55 | $74.68 | $27.03M | 360.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 815 | $74.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$75.00 | 1200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 267 | 74.970 |
2 | 1131 | 74.800 |
2 | 1910 | 74.770 |
1 | 500 | 74.750 |
1 | 1609 | 74.700 |
Price($) | Vol. | No. |
---|---|---|
75.000 | 1200 | 2 |
75.020 | 600 | 1 |
75.060 | 2496 | 2 |
75.080 | 600 | 1 |
75.100 | 600 | 1 |
Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
Last
$75.08 |
  |
Change
-0.110 ( 0.14 %) |
|||
Open | High | Low | Volume | ||
$75.09 | $75.45 | $74.69 | 230812 | ||
Last updated 15.59pm 28/05/2024 ? |
Featured News
MIN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online