Rodney Hooper who does youtube videos in the lithium space with Howard Klein (Rock stock channel) did an independent valuation of INR a while ago. They priced INR at $1 in 2024 as fair market value. I think from here an O/T pending on the parties involved would see us as high as mid 70s pending on again how many are involved and what the agreement is.
From there after O/T it will likely trek sideways or slightly down as profit takers reduce holdings and news will likely be limited for a while after that. We may even see the rarity that is a CR for project funding over that time period, somewhere from after O/T until end of 2021 though I think this will be unlikely until after permitting is confirmed (but I could be wrong).
After permitting we will likely see a small uplift to maybe 80/90c but I dont foresee a dollar in the near term as that is extremely overvalued IMO.
Again from 90c/80c after a positive permit announcement price will trek down during construction of the mine 1 to 2 years on the back of limited news and further profit taking.
Once the project is complete, if its on budget and on time I foresee a push to above $1 after first production/shipment. The push will be driven by the fact management delivered on time, on budget and the asset is now income producing for years to come.
Thats why I think people are crazy day trading this stock. Offtake due any moment now and if your not holding, you may miss out on a decent leg up. An sure the market will likely see a trough in the time from now until first production, but if dividends do start to flow would be brilliant!
All the above IMO.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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1 | 70272 | 0.220 |
2 | 23513 | 0.215 |
5 | 131770 | 0.210 |
3 | 74415 | 0.205 |
Price($) | Vol. | No. |
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0.235 | 883123 | 10 |
0.240 | 862843 | 12 |
0.245 | 472000 | 2 |
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