$840m mkt cap. 2 years to first cash flow?
u kiddin me
that implies it needs to make $1.5bn in NPAT+ over the time it takes to become oversupplied, applied with a heavy discount rate as not in production. thats unbelievable, considering every day 4-5 lithium explorers announce their intention to explore.
with over 100+ exploring for it, and say even 10-15 finding it, this market will be well oversupplied very quickly, as the lithium market is a low volume market currently.
even a smaller miner like DKO Dakota can profitably mine that low grade hits they got, bringing it well into over supply.
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