Just something to think about here guys @princey37 as the co is about to get first ore on ship. And the chart is shaping up possibly a wave 3 @myleogb ?
SRK own 34,410,000 $LEL shares – value at present $38.19M massive lithium exposure and potential graphite.
SOI ~ 270,000,000
LEL holding equivalent to 14.14c/share at current price.
Was more last week when LEL hit $1.82 (then at the time more than the MC of SRK alone now back at $1.13). Last quarter cash reported - $2.4M but have 9m of draw down facility for capex and opex. No liquidty issues.
200t of ore to be sold by year end at LOM break even US$87/t, potential for ~US$8.6m profit in this period before moving to stage 2.
LOM as per PFS years ago signalled increases to LOM but taking a tiered approached to early revenues and development.
This all excludes their Peruvian mine and shipping currently valued at 0 which is ready to ship iron ore.
Just something to think about here guys @princey37 as the co is...
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