Counting thoses in the money convertibles, its now a billion dollar company.
Somewhat overheated, in fact a lot overheated.....would take 8 years of gross sales, (yes sales) to match the market cap of the company...IE a PE of 8 on SALES?....Problem is of course, in this obscure way of looking at things, they have operating costs, royalties, depreciation and all the other expenses.
There are vast quantities of rock and brine in Tibet, which, much to the disappointment of local peoples....China is now exploiting. See interesting story here. They would have only a few million dollars in the bank (study quarterly report)....so will have to raise prior to Xmas. Owe $28m and have spent that $18M May prepayment. Don't get caught here...go on a great holiday.
Tibet lithium/ local worries
http://rukor.org/tibetan-lithium-in-your-pocket/
