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I wonder what Peter Arden's evaluation of PLL, PLS or ORE is?

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schmunzel75

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25/02/21

16:38

Post #: 51331361
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Originally posted by Thesi ↑

It would be difficult to value Mt Cattlin given the remaining life of mine. They already have a local school growing seedlings to prepare for a rejuvenation project in a few years time.

In the interim everyone expects the spodumene price will take off soon and accelerate towards the end of this year, but with Mt Cattlin already sold out the only thing that will increase the valuation is any increase in spodumene price.

Sal De Vida will conveniently overlap with Mt Cattlin closing, so the company will continue to have 1 asset but it will become a lithium chemicals producer of up to 11,000 TPA by end of 2023 with ramp up for that year all going well until they can expand into stage 2 or build James Bay.

James Bay, I am hoping the company is able to present a solid plan there because we have already known of 2 companies and probably more given the Phoenix revivals that have failed in Canada which doesn't provide much confidence in the project not very much to go on that's been shared by the company and these would probably be some of the reason's why Peter Arden didn't allocate much value to it.

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I wonder what Peter Arden's evaluation of PLL, PLS or ORE is?

GXY Price at posting: $2.68 Sentiment: Buy Disclosure: Held
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