IND (ASX) Ann: Option to Acquire Pippingarra Lithium Project, Pilbara WA

Originally posted by Bargainstocks01: ↑

Gents - first caveat im long - (and bullish) but here's some real numbers to consider.

im not saying this will happen at all just saying logic and a bit of good fortune defines the below scenarios as quite possible/probable - it been going on all around IND Pippingara site.

just look at the examples

1. AZS
was looking for nickel and found some li under a year ago. _ they switched to develop the Li instead of the nickel and within a year -AS far as i recall they were not getting much over 1.3% Li on any drill assay - and they just got bought out by SQM for a valuation of A$1.63 billion.IND's Pippingara has only had one of its 442 drill cores tested for Li and it produced 3.73%- with highest two meters being at 4.38% thats pretty healthy. - although its only 1 assay its potentially way better than AZS results . and AXS just sold for A$1.63 billion. (cash)

for IND get to same valuation with just 78 mill shares out -that would infer an A$ 20-ish share price?

however if they continue getting results 3x more - and go to 3 x more - that could infer up to a A$ 60-ish share price??

2. WC8 18 kms away - was just at 3 cents sp in May this year. and with an A$27 million market cap (about same as IND before the PPN mine was thrown in ) and before theindirectly "hit" lithium - again most of wc8's assays just show around 1.2-1,5% Li- (one third of IND's assay so far) and WC8 has since jumped up now to 91 cents - a 2185% jump in 6 months. They now have a market cap of almost 1 billion A$ (with all oppies excecised,)- and its still heading north.

If IND can get to the same value thats 1 billion divided by 78 mill shares that implies 13$ ish per share?
but so far their one hit is over 2.6x as good as WC8's - so that in turn could imply an ultimate potential MC of A$2.5 billion = A$32 ish per share??

the other two LI mines nearby (within 50kms away) are:

3. PLS which was an A$ 10 mill market cap junior stock back in 2015 at 3 cents. Then they found lithium and today it is an A$11 billion market cap stock at $3.80 (having been as high as $5.50)-if IND can follow PLS's trajectory over the next 10 years and get to around A$11 billion market cap (not just A$1 bill as Im potentially projecting with myspeculative possible 12$ sp projection above)- then it could be even able to reach up towards A$ 70 per share?

4. MINalso around 50kms away.- hit lithium (it also has iron ore though) and has also risen up by 500% in 4 years to became an A$11 billion MC. So again a potential 70$ ish per share to be about equivelent in IND.

5.PMET.VN lastly- and arranged by several of the same guys behind IND (Tolga Jewson etc) - along with Evan Cranston - has been Patriot battery Metals PMET in Canada. It hit lithium in the James Bay region of Quebec and in 2022 (last year) it ran from 23 cents ( and C$23 million market cap) up to $18 (to a C$1.8 billion market cap)

- For IND (with much the same management) and a stronger first Li assay - that would equate to going up to A$23 per share-ish??. of course im not saying this stuff is GOING TO HAPPEN- but just showing whats been happening in the red Hot WA Li MA sector right now - and showing that the numbers are there and logical enough to imagine it could happen again - this time to IND???

so fingers crossed gents.

and that disregards its valuable silca sand business which is about to kick off reasonably soon IMO.

Expand

Ok how about drill demerger lithium assets raise to holders .. how many bags do we times your guess by 2 ? And get solar panels

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0.200	146173	2
0.210	9000	1
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6818

(20min delay)
Last 19.0¢		Change 0.000(0.00%)		Mkt cap ! $14.65M

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Ok how about drill demerger lithium assets raise to holders .....

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