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1,557 Posts.
415
19/02/22
09:34
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40c and a MC of $98m which is an exploration valuation
keep infill drilling, resource upgrade, process scoping study, Li price might stabilise which will be great for longer term certainty.
spod $ of US $2500/t would make this project highly highly profitable
compare DFS of CXO and LTR - with spod price of $US1700/t - IRR in the 50's at this price and an IRR of 80 + which is such an attractor.
just let 2022 pan out, by December 2022 not surprised IF a TO happened especially if we are still sub $300m
Has the real potential to generate $400m revenue that is roughly a very conservative $1.6b company.
Best part with $9m in the bank plus equity in other shares that the IF next CR will be when in thew $1 range that will mean very minimal dilution.
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