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$76.41 mineral resources limited

The Royalties will only be paid if MIN mine POS land which is a...

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lightning23

417 Posts.

50

05/04/24

19:26

Post #: 73213861
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Originally posted by tomboy: ↑

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.

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The Royalties will only be paid if MIN mine POS land which is a long way off.

MIN Price at posting: $70.16 Sentiment: Buy Disclosure: Held
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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	250	76.020
1	1687	76.000
2	1985	75.930
1	1687	75.850
3	2194	75.770

Price($)	Vol.	No.
76.410	5	1
76.420	600	1
76.440	525	1
76.480	1687	1
76.520	3800	1

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last $76.23			Change -0.710 ( 0.87 %)
Open	High		Low	Volume
$76.73	$77.16		$75.97	29778
Last updated 15.59pm 13/05/2024 ?

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