Ann: MinRes to develop lithium processing hub, page-24

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andyno3

10,975 Posts.

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22/03/24

20:04

Post #: 73020372
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Originally posted by tomboy: ↑

Its you MINRES holders that say you bent POS over a park bench on it.
And you did.

$15M v $675M Mcap increase in 3 days
$1,000Mpa in potential revenue
$2,000M in assets built new & repaired by LionOre Norilsk POS since 1999,
all for a pathetic $15M cash over 18 months

MINRES has $1,400M cash
It coulda and shoulda paid $140M cash for this deal plus 5% royalty on Li & 8% on non Li plus a 5% royalty on all production from the MASSIVE MILL

LJ is packed with -
- a massive 1.5MTpa MILL that POS spent $70M cash on over the last 11 years C&M
- 2 high grade Ni mines at AR & EA with $350M NI non JORC stated in the 2015 DFS of 14KT at 4.1%
- a large prior producing Ni mine at MH with 40KT JORC worth $500M in situ
- a new flying fox but horizontal mine at Abi Rose (said legendary geo Neil Hutchinson in 2015)
- WUU 13 km strike zone of Li & Ni recently hit major discoveries
- gold prospect mine at crazy diamond
- staff camp, 20 toilets, built roads, 10 buildings, mess hall, 1 airstrip, 3 declines to ore bodies
that cost LionOre Norilsk POS a total of $2,000M to build and maintain.

All for a pathetic $15M cash over 18 months too,
WTH?!

That airstrip and 10 buildings with mess hall in the desert is worth $15M alone!
That MILL same size as Nova alone cost IGO/SIR $300M to build in 2016 over 4 years.

You should feel guilty! You ripped POS off totally.
MINRES OWES POS BIG TIME imho.

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only another $20 per share and im back to where NWE got bent over, but im starting to enjoy the ride. as you will.

MIN Price at posting: $69.15 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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