Fabulous economics from a glimpse.
I would have been concerned if discount rate was 10% but the used is only 8%, equivalent to industry benchmark.
Similarly Lithium price is less than $1800 and not $2500. Ive seen companies using more than current Li prices to exaggerate the profits, our sell price is very conservative.
Capex is low delivering great economics.
Strip ratio could be better but I would rather know the actuals now than at time of DFS.
Ive seen fiascos with many PEAs being published inc CHN(nickel) recently, ESS, GL1 earlier this year and very happy that we've done great job.
Overall very well results LRS.
Ann: Robust Results for Colina Lithium Project PEA, page-43
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Last
17.5¢ |
Change
0.020(12.9%) |
Mkt cap ! $489.8M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.5¢ | 16.0¢ | $1.404M | 8.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 1171457 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 2354886 | 63 |
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| Last trade - 15.04pm 11/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |