Was recommended by @Zenzen to start a FA thread so people can...

Was recommended by @Zenzen to start a FA thread so people can collaborate on the company and industry. Here is a post I wrote in the TA thread:

"First off, warning that this could be wrong. But I was looking to calculate the future price of this share, the formula I used was:

$93m MC / SP $0.063 = ~1,476,190,000 shares.
120,000 tonnes of lithium @ $11,000 USD / t = ~$1,320,000,000 USD (this is approximately the first buy from the Chinese MOU). Therefore this equates to = ~$1,680,000,000 AUD.
$1,680,000,000 AUD / No. of Shares issued (1,476,190,000) = $1.138 SP in the future?

Having a crack at forecasting future share price from the single purchase from that Chinese company... Is anybody able to confirm whether this is correct?

Appreciate any other feedback as well."

@gobsmacked47 made some very good points in that the above does not take into account discounting of the cost to produce the refined material and price fluctuations in Lithium; which needs to wait until April when the feasibility report comes out.

I should also note, that the 120,000t mentioned above, is how much is expected to be contained in their Canadian mine so does not consider the mine they have in WA.

Looking forward to everyone's interpretation and analysis.