Ann: MinRes to develop lithium processing hub, page-13

Market clearly loves this POS MINRES deal for MINRES
POS is marked down as it clearly was sold way way too cheap to market price.

Nova of IGO nearby same size mill and operation is valued at $3,500M by them
the MILL to build would cost $350M alone
The emily ann mine has 14kt non JORC worth $369M in situ Ni alone & near ready to mine
POS spent $80M cash on LJ since 2014 inc the 2015 CR of $50M
POS had maintained and repaired LJ to turnkey status ever since keeping the MILL in remarkably good condition and discovering a high grade mine at Abi Rose and EA

In 2014 the then CEO of POS David Singleton described LK as POSs "jewel in the crown" & a low capex turnkey restart operation.
MINRES got betrayed by AF on the AGO bid which he flipped to Billionaire buddy Gina who went on to make $20MB on AGO instead of MINRES & AF.
AF was chairman and major shareholder in POS 2008 until 2013/2022

This is MINRES & CEs revenge against AF for his AGO backstab.

Yet $16M for a $3,500 asset like Nova is pathetic ripoff of POS LTHs.
MINRES shouldve paid $280M for this acquisition imho and market clearly agrees

MINRES OWES POS LTHs for this dirt cheap bargain that has set up MINRES in NI & LI with a large good MILL and MINES the size of Nova of IGO.

MINRES needs to pay up & fund POS in compensation hereafter imho!