I agree with Beer @ Co's; fully risked 70 cent SP based on $400 US for spodumene per ton. We now know that has risen 2.5x so that puts a SP of around $1.80 fully risked. Derisked; a stage we are rapidly approaching, double it as they placed a 50% discount on SP for associated risks. I'm a bit more conservative with $1.50 heading into mining and $3 with a dividend when we are debt free. If the demand for Lithium allows us to build a 4 million ton per year plant then the gloves are off. More drilling, larger deposit, increasing Li prices, increasing demand will change everything. Beer and Co's report is written in layman terms and is readily available.
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