First Mt Francisco drilling results were underwhelming and were published somewhat hidden at the end of the quarterly activities report.
Next expected ann for me is final investment decision FID for stage 2. I dont know if Mr. Market will be too impressed. It has been hovering around in the public for long and would not really be big news.
Big price movement will come with either with a change of general market sentiment towards Lithium or with a quarterly report showing serious CF.
I look forward to the report for Q1 2019 to be released in April. By then we hopefully have a full quarter of near nameplate production. If stage 2 construction is under way by then, I would expect Mr Market to take that Q1 result and price stage 2 in. My math comes up with >AUD 3 per share.
800.000 t x 600 USD margin /t = USD 480M margin
take 30% of to come from that to earnings = AUD 480M
Column 1 Column 2 Column 3 Column 4 0 Shares outstanding 1.750 M 1 2 Earnings PE multiple Market cap Share price 3 480 8 3.840 2,19 4 480 10 4.800 2,74 5 480 12 5.760 3,29 6 480 15 7.200 4,11 7 480 20 9.600 5,49
First Mt Francisco drilling results were underwhelming and were...
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