Banter and general comments, page-13825

I suspect your on the money there.

Personally, I'm expecting somewhere north of 2 bucks once that first ship sets sail with a price that will probably settle into the 3 dollar range once at full tilt in 2023 and this years and next years drilling is complete (with a LOM somewhere north of 20-30 years).

Anything seriously promising on the hydroxide, the gold or other mineral fronts, or Barrow Creek turning into something remotely promising is only likely to catapault us quicker towards or beyond that point but short term, gunsights say north of 2 bucks by the time were popping champagne for New Years and our first shipment seems logical when you consider our likely EBITDA.

If our clients get a 5-10% discount on the spot price as per Mr Biggins comments in interviews in the past and its roughly 7K a by the time were in action then our revenue could be around or north of a billion dollars US with All-in Sustaining costs deducted but before taxes and royalties.

8 times EBITDA is the common rule it seems for valuing lithium miners so I suspect my estimates on out future share price could be underestimates in time.

PLS is great too (not to sound like I'm cross promoting as I also hold them in my super) and I suspecr they've got lots of derisked growth ahead of them as the markets only just starting to cotton onto what lithium nerds have theorised would happen for years regarding the necessity of global demand. Although dollar for dollar the rewards are far better here with CXO when you consider the entry price point.