AS2

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4.8¢ askari metals limited

Agree,If Gino and team get a sizeable portfolio of ELs in...

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22/02/23

13:29

Post #: 66395934
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Originally posted by FingerLicking: ↑

no time to lounge-around because i suspect we're going to need to eventually cough up around half of Andrada's estimated US$440mln in capital expenditure if we want to be equal partners with them, which i think is inevitable that we'll partner with them in some form; the more we bring to the table, the better:

"An earlier preliminary economic assessment put the net present value of [Andrada's] project at US$2bn and an internal rate of return of 75%. Those figures are based around plans to process 10mln tonnes of ore per year over 14 year mine life, to produce a total of just under 275,000 tonnes of tin, 17,300 tonnes of tantalum, and 1.1mln tonnes of lithium dioxide.

Under this scenario, lithium would account for just over 60% of revenues, with annual EBITDA expected to run at over US$600mln, and margins at upwards of 64%.

These are big ticket numbers, so it’s perhaps somewhat surprising that the capital expenditure required is set at a comparatively modest US$440mln... But more to the point, as the latest round of financing indicates, the likely funding partners are already in place. Big names like Standard Bank and Orion have come on board at what for an operation like that is a relatively early stage. Why? – because they want to be able to get position when the real action starts."

https://hotcopper.com.au/threads/institutional-buying.7172061/page-81?post_id=65724570

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Agree,

If Gino and team get a sizeable portfolio of ELs in Namibia together and gets a reasonable secure (JORC compliant) assessment of what's in the ground I can picture Andrada and Askari as potential merger of equal in the future.

They can become one of the most important global Lithium suppliers later this decade with unbeatable cost advantages.

Amazing potential, but at this stage waiting for the first drill results and further drill results throughout the year plus new exploration licences.

Quarterly activities report:
"Additional project opportunities in the region being evaluated for acquisition"

K

AS2 Price at posting: 55.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

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(20min delay)
Last 4.8¢		Change 0.001(2.13%)		Mkt cap ! $4.689M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.8¢	$344	7.184K

Buyers (Bids)

No.	Vol.	Price($)
1	44066	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	107896	1

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No.	Vol.	Price($)
1	44066	0.048
1	3000	0.047
1	3000	0.046
4	20500	0.045
1	26200	0.038

Price($)	Vol.	No.
0.050	107896	1
0.053	49847	1
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0.056	14705	1
0.057	57710	1

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Agree,If Gino and team get a sizeable portfolio of ELs in...

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