As lithium prices rise, the value of ASN will continue to increase. Currently, the price increase is on the right track. Within the PEA ASN has calculated with 13.000US$. This corresponds to a Li price of approx. 83,700 CYN$.
Lithium-price development
Bromine prices to reach $5,280 in 2024 (expected production start)
The PEA was calculated with an EBIT of $69.8 million. This figure is only composed of Br. Li is not included and has yet to be added.
All in all, the outlook is very positive and Anson Resource's current market capitalization will be a multiple of the reported EBIT (which needs to be increased from the current status quo by the expected lithium EBIT).
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