EMH 0.00% 17.0¢ european metals holdings limited

Comparison, page-129

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    So perhaps a better comparison is to use the Tin resource but with Lithium equivalent for the by products. I suspect they will not touch the Lithium only resource as it has a lower revenue higher cost base than the tin resource. The key is how much higher grade can they find to support the first 5 or 10 years of production. The global lithium resource will just be good to use for marketing purposes.

    The main difference that results from the lower grade and complexity between EMH and others including PLS is the return on capital. The flip side of this is that once they are in production it will be very difficult to displace EMH production due to the potential first qtr opex.
 
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