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Imagine if there was an element that could be sold for $1M/kilo....

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lifeguard22

1,883 Posts.

77

10/04/18

08:03

Post #: 32335648
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Originally posted by eshmun ↑

It's back around the failed Chinese offer value and falling in terms of market capitalisation.

I saw any number of failed African iron ore miners and hopefuls. If you can't get bulk commodities with DSO grades of 58% away in this part of Africa, what chance do you have with commodities with grades of 1.5% that need beneficiation (rhetorical question).

When the market is fully informed (ie a 100% reliable source of information exists) the return becomes zero. Maybe the opinion of one singular person can count for more than the whole market.

I'll stand by my opinion that this Li deposit will never be developed. Esh

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Imagine if there was an element that could be sold for $1M/kilo. Now imagine that element was only found on the moon.

Along comes a company, let’s call them SpaceY (it’s one better). They do the maths and work out that they can get that element off the moon, for $300,000/kilo.

Now, imagine if that wasn’t a fictitious scenario.

BGS Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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