Saw that no one had posted this info yet. Small extract below.
Not unconventional... Untapped!
Zero Carbon - multiple drivers of value
Vulcan is developing the Zero Carbon Lithium project in the Upper Rhine Valley, Germany.
The 40ktpa lithium hydroxide/73MW geothermal energy project has the largest
lithium resource in Europe (>100 years in Resource at nameplate), is expected to have
first quartile operational costs (US$3,142/t) and is favorably located to be a flagship
project in Europe's transition to electrified transportation. Vulcan has a strong balance
sheet and a high-quality team to deliver the project. We expect first production in 2025
and at nameplate capacity, estimate VUL will generate an annual EBITDA of A$1bn. Our
base case generates a NAV of A$3,687m; our price target of A$15/sh is set at a 50%
risk weighting to NAV; initiate with a SPECULATIVE BUY (0.41x P/NAV).
Canaccord Initiate at BUY with $15 target
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Last
$3.41 |
Change
0.210(6.56%) |
Mkt cap ! $586.7M | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.42 | $3.23 | $2.112M | 635.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3889 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.42 | 2299 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$3.40 |
Change
0.210 ( 6.70 %) |
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| Open | High | Low | Volume | ||
| $3.28 | $3.42 | $3.23 | 36503 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| VUL (ASX) Chart |