it completely derisk the downside here as we could sell the ore to nearby mills or we could, with minimum capex given the low strip ratio, agree a toll price with nearby operators. Either way we could be a little bit less than 166$ with our own mill, say very conservatively $90-100. And we are 87M market cap at 27c...close price today on top we have a big stake in LIthium via GL1/MAnna and UG mining upside.
BRB Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held