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$74.99 mineral resources limited

"MINRES made a fortune on POSs LJ Project imho.The QUID PRO QUO...

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cameronb

597 Posts.

106

06/04/24

08:20

Post #: 73217263
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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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"MINRES made a fortune on POSs LJ Project imho.
The QUID PRO QUO is coming."

So is Christ.
I reckon he may get here first.

MIN Price at posting: $70.16 Sentiment: Hold Disclosure: Held
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(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 ?

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