EUROPEAN LITHIUM LIMITED, page-881

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26/03/22

09:28

Post #: 60437642
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Originally posted by Bluegoose: ↑

Based on Fingers xed table suggesting an average of 55-57% Market cap to NPV for projects at various stages of development (most not started construction yet), I think the following would be reasonable for EUR assuming an A$1 Billion NPV when DFS is released;

25% of NPV / A$250M market cap or say 25 cents per share upon DFS release (aligns nicely with First Berlin target)

30-35% of NPV / A$325M market cap or say 30+ cents per share upon DFS, then signed off-take

40-50% of NPV / $450M market cap or say 45 cents per share upon DFS, then off-take, then finance secured

The following 2-3 years will then move close to 100% of the NPV and contemplate market pricing, construction progress and the like. Around $1 per share upon commissioning, maybe more pending Hydroxide pricing, maybe a bit less depending on dilution.

These are my indicative targets. I will certainly be holding the majority of shares to realise the value at the production stage. 3 or so years might seems like a long time, but I can wait that long to grow my investment by 20-30 times (as I hold mostly options). I will probably sell a few to be well and truly free carried after the finance stage. No hurry. I am a buyer, not a seller at the current prices.

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Thanks Bluegoose.

Sounds a lot more sensible what you presented here.

Agree that we should reach A$250+ Million market cap after reasonable DFS and Off-take agreement.

Of course it depends on the assumed Lithium price and Capex.

Everyone here should do OK with their investment in EUR in my opinion.

K

EUR Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Last 4.8¢		Change 0.000(0.00%)		Mkt cap ! $67.10M

Open	High	Low	Value	Volume
4.8¢	5.0¢	4.8¢	$31.19K	638.4K

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1	6056	4.8¢

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0.050	323395	4
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EUROPEAN LITHIUM LIMITED, page-881

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EUROPEAN LITHIUM LIMITED, page-881

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