Thanks @WowVeryJosh for the excellent insight provided above as...

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telamelo

10,823 Posts.

289

11/05/22

09:13

Post #: 61332431

Originally posted by WowVeryJosh: ↑
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.
Expand
Thanks @WowVeryJosh for the excellent insight provided above as appreciate it.

TUL tipped by a reputable stock recommendation newsletter last night - our market "buy depth" has doubled this morning!

Cheers tela

Last edited by telamelo: 11/05/22

TUL Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held

4 Upvote

0 Great analysis

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Add TUL (ASX) to my watchlist

	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

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