I was interested in ORE because of lithium requirements in the future but was wondering why should the share price go higher and why it was so high previously given the NPV for the project was only 415m using a 7.5% as the discount rate (quite low actually) and already assuming USD$6160 per tonne for the lithium.
This may go up in the future but if that is what you are betting on might as well get direct exposure to lithium.
ORE also has debt and only 2/3 of this project.
Not sure how much borax argentina is worth but they didn't pay that much for it and I'm sure its not the reason why most people are invested in ORE.
ORE Price at posting:
$1.60 Sentiment: Hold Disclosure: Not Held
