@prodigy1 a number of posters have all come up with very similar numbers over the past 6 months using a variety of methods. Their calculations (mine included) have all been based on what we currently know, not what the resource upgrades or the updated DFS could show. The current estimate, assuming all goes well over the next few years is approximately 60c. This also assumes that the lithium industry comes back into favour as well.
Great day of trading today, nice steady climb, another good day of volume (image when we get to a 20 or 30 million volume day what the SP will do!), a new 52 week high and a good base is being set to propel the SP to levels not seen for a few years if we get a decent resource upgrade/off takes/finance/DFS. Pretty excellent time to hold actually but I am not sure I am excited yet, I am think that I potentially feel a little vindicated - despite some of the massive losses I have held on paper over the past few years, it feels like my commitment to this stock and its story might finally be coming to fruition/paying off. I hope that this will turn into excitement with a great announcement very soon, but for now, I am quite content with finally being in the green. I am somewhat comforted by the level of the SP finally being above my break even, and knowing that everyone buying in now will not be able to sell below these levels without taking a loss, and this might finally put a decent floor under the SP. I say this only from a position of wanting this stock to meet the potential I believe it has had since I first invested, and one that is definitely overdue! I have been around during previous upturns only to see them reverse, but I genuinely believe that this time is different. I think based on the MMP approval and the company becoming ‘legit’ on the back of it, plus the announcements to come soon, we are going to re-rate and finally leave single figures behind us.
Lets hope for an announcement tomorrow, and if no announcement, then perhaps some more steady climbing. GLTA
(20min delay)