Either way. Lithium prices have increased to A$100,000 a ton.
Everyone EU, Austria, EUR have an interest to get the Lithium out of the ground.
The company has currently a market cap of A$95Mill.
If the mine is in production and produces 10,000t battery grade Lithium carbonate or hydroxide (99.5%) it creates probably around A$1Bill in revenue per year.
Even if it would be half of this it would be an amazing money printing machine.
(Similar what is currently happening to PLS. Profits will sky rocket in the next quarters.)
Lithium miners across the board are far undervalued in my opinion.
The next run-up comes when profits explode of Lithium producers.
K
EUR Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
