MCap now UP a whopping $1,150M since the MINRES purchase of the POS LJ project for a paltry $15M cash.
MINRES touting this project as a Li HUB with Li MILL
(existing 1.5MTpa MILL is in "remarkably good condition" built by LionOre/Norilsk in 2002-2005 at a cost of $900M)
Neighbouring IGO/Nova MILL & MINE same size as LJ is valued by IGO at $4,000M in itself and earns $600Mpa revenues on Ni alone.
all for $15M cash !
STUNNINGLY DIRT CHEAP purchase and royalty sums.
POS was bent over and is OWED BIG TIME. I expect future deals between these 2 as the value accretion for MINRES is whopping.
Market thinks the LJ acquisition is a massive money spinner for MINRES which it is.
MINRES to make hay from LJ.
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Open | High | Low | Value | Volume |
$46.22 | $46.89 | $45.56 | $84.69M | 1.811M |
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2 | 2020 | $45.80 |
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1 | 65 | 45.780 |
1 | 500 | 45.610 |
6 | 1281 | 45.600 |
2 | 574 | 45.570 |
Price($) | Vol. | No. |
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46.000 | 571 | 2 |
46.220 | 475 | 1 |
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46.590 | 250 | 1 |
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