Looking at the current stage this project is up, and looking at market cap to NPV stated in the November 2022 feasibility study, the current share price is bloody cheap.
$5b NPV on stage 1 and 2 base case. Even using $2.6b just for stage 1 alone, we are sitting at 5% or 10% of NPV. That's not even using the predicted spot case which is even higher!!
-Full approved
- 100% offtakes in place
- Feasibility study complete
- FID/funding to be announced next 6 months
Plenty of battery metal projects (and non battery metal) projects at this stage are already 30-50% of NPV. Some even higher but that's probably getting carried away.
Even 30% of NPV stage 1 should have this 30% NPV or $750m Mc (around 37c).
Really liking the potential here. That study shows some massive returns available
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Open | High | Low | Value | Volume |
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5 | 760222 | 0.034 |
2 | 122512 | 0.033 |
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Price($) | Vol. | No. |
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