TUL 0.00% 35.0¢ tulla resources plc

Ann: Tulla Resources Funding Announcement, page-22

  1. 109 Posts.
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    I've updated the table based on TUL's current $86M EV.

    Same situation as before, numbers required for a potential lithium deposit to equal the current EV of TUL (free gold-mine)(based on LTR's Anna deposit against market analysts expected worth of ~$400M:

    • At 50% earn-in, TUL needs 6.48Mt @ 1% Li2O
    • At 37.5% earn-in, TUL needs 8.61Mt @ 1% Li2O
    • At 17.5% earn-in, TUL needs 18.51Mt @ 1% Li2O
    • If TUL buys back into 24.95%, TUL needs 12.98Mt @ 1% Li2O.
    Norseman DepositTUL EVInitial 50%50% Lithium Value / EVAfter MIN 25% Earn In (37.5%)37.5% Lithium Value / EVAfter MIN 65% Earn In (17.5%)17.5% Lithium Value / EVTUL Buy-in 24.95%24.95% Lithium Value / EV
    1$100,000,000 $86,963,391 $50,000,000 0.57$37,500,000 0.43$17,500,000 0.20$24,950,000.00 0.29
    2$200,000,000 $86,963,391 $100,000,000 1.15$75,000,000 0.86$35,000,000 0.40$49,900,000.00 0.57
    3$300,000,000 $86,963,391 $150,000,000 1.72$112,500,000 1.29$52,500,000 0.60$74,850,000.00 0.86
    4$400,000,000 $86,963,391 $200,000,000 2.30$150,000,000 1.72$70,000,000 0.80$99,800,000.00 1.15
    5$500,000,000 $86,963,391 $250,000,000 2.87$187,500,000 2.16$87,500,000 1.01$124,750,000.00 1.43
    6$600,000,000 $86,963,391 $300,000,000 3.45$225,000,000 2.59$105,000,000 1.21$149,700,000.00 1.72

    Long story short, does lightning strike twice in Buldania and do TUL have their own version of LTR's 15Mt Anna.
 
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