- Recent spodumene concentrate prices around $900 USD or $1160 AUD/t (Company presentation p7)
- Cost for AJM of producing a ton of concentrate is $317 AUD (Company presentation p7)
- Stage 2 DFS likely to show 440,000 tpa with LOM of at least 10 years is viable. (ASX ann 13.11.17)
- Shares on Issue 1,751,400,000 (MD presentation 2017 AGM)
Now some very simple numbers:
Over 10 years AJM will likely produce 4,400,000 tons of concentrate (440ktpa x 10).
At $580USD ($750AUD)/ton the value of the resource would be ($750AUD - $317AUD) x 4,400,000 or $1.9B AUD.
Divided by the 1.751B shares on issue the value of the resource would be $1.09AUD per share.
It may be a subtle distinction, but IMO JRO are not interested in our business they are interested in our spodumene; they are battery makers not miners. They clearly don’t believe SQM’s self interested downramping or the MS report.
Their choice is bit like someone wanting to lock in a fixed interest rate during a credit squeeze. They might just think that locking in a concentrate price of $580USD for 10 years is a pretty good deal. Time will tell.
In my opinion $1 ps doesn’t sound anywhere near as rampy as it did when I first read it coming from some posters here.
- Forums
- ASX - By Stock
- 1MC
- Ann: Response to Speculation
Ann: Response to Speculation, page-768
-
- There are more pages in this discussion • 971 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $8.935M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.3¢ | $2.933K | 88.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 187955 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 123310 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 187955 | 0.033 |
3 | 95091 | 0.032 |
5 | 166806 | 0.031 |
4 | 70666 | 0.030 |
1 | 19200 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 123310 | 2 |
0.036 | 326239 | 3 |
0.037 | 70464 | 2 |
0.038 | 75000 | 1 |
0.039 | 70000 | 1 |
Last trade - 15.38pm 02/09/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |