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.
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