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0.00% 50.0¢ essential metals limited

Gonna keep calling it.11.2Mt at 1.21% Li2O given a roughly 70%...

  1. taylorstjames
    2,126 Posts.
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    22/04/22
    14:47
    Post #: 60971646
    Gonna keep calling it.

    11.2Mt at 1.21% Li2O given a roughly 70% recovery rate will yield at least 1,000kt of SC6.

    Current spot prices are in the US$3k/tn SC6 range.

    Fair value would use a US$2k/tn SC6 price to value the contained Spodumene at circa US$2b

    ESS 244m SOI, 23m oppies.. give us an offer between A$3.50 and $4.00 (which implies a value of between A$800m and A$1b) and then we can talk seriously.
    ESS Price at posting: 68.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 4  Great analysis
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