20 bags from here is fine by me.

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jibbybagger

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18/10/24

08:11

Post #: 76179074
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Originally posted by hcraboc: ↑

$75M cash on the sunk costs, and a 1% royalty on a 50M tonne per year mine would get the share price moving.
I dream I know. The thing is the SA government is very keen to be part of the whole green steel transition.
The SA government is actively courting overseas steel making companies to invest in SA green steel.
SIMEC already have a magnetite mine in operation just north of Lincoln Minerals.
The SA government is building a $500M Hydrogen electrolyser to feed a projected two green steel plants.
There are so many government millions being thrown at this green steel strategy, and Lincoln minerals are in a box seat to get something.

If you valued the iron ore assets at being worth the sunk costs that would be $75M
The uranium assets if rolled into a new ASX entity could be worth $5M + $5M cap raise for new listed company. But that $5M could easily be worth $10-15M after the float
If we were valued the same as Quantum Graphite ASX:QGL, and realistically our valuations should be very similar that would be another $185M

thats a $265M market cap. Or about 12c per share..

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20 bags from here is fine by me.

LML Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $9.461M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$1.455K	293.7K

Buyers (Bids)

No.	Vol.	Price($)
24	17593051	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	15179197	10

View Market Depth

No.	Vol.	Price($)
24	17593051	0.004
15	10552249	0.003
8	11499980	0.002
5	13799980	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	15179197	10
0.006	8298482	10
0.007	8260826	7
0.008	2138551	3
0.009	4293174	3

Last trade - 10.04am 16/06/2025 (20 minute delay)

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20 bags from here is fine by me.

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20 bags from here is fine by me.

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