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 Deposit
TUL EV
Initial 50%
50% Lithium Value / EV
After MIN 25% Earn In (37.5%)
37.5% Lithium Value / EV
After MIN 65% Earn In (17.5%)
17.5% Lithium Value / EV
TUL 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.
TUL Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held