Yep given the recent pricing announced by Galaxy and the fact that we will probably be the next company to production by circa Jan 2018 I think the future is looking very bright.
I expect some hiccups along the way and a little bit of time to get to nameplate capacity. So let's call it 180kt produced in 2018 at sale prices of $900/tonne and opex of $300 tonne. That is $600 x 180,000 = $108m. Converted to AUD is $144. Say NPAT of $90m.
So even with a slowish first year to get everything humming we should generate enough FCF to be debt free, orrr we use that $90m to pay our share of a conversion plant with Lionergy/ON and upgrade our value even further.
This is probably my happiest holding in my portfolio right now. We might not be going up but I don't think we are going down much further either. Our base is probably in this 12-14c region. So as long as the market doesn't wake up I will keep accumulating. Still got bugger all compared to most of you I am sure but I have now increased my holding about 150% in the last month.
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.123M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 3.0¢ | $1.25K | 41.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17474 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 18005 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17474 | 0.030 |
3 | 104517 | 0.029 |
2 | 331428 | 0.028 |
1 | 14214 | 0.027 |
2 | 134223 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 18005 | 2 |
0.033 | 370690 | 1 |
0.034 | 333567 | 5 |
0.035 | 23800 | 1 |
0.036 | 378239 | 5 |
Last trade - 12.27pm 13/09/2024 (20 minute delay) ? |
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
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