On 12th October 2022 Evolution Capital put out a detailed report on ESS but I cant find it on the companys announcements. Its very interesting reading and a lot better detailed in explaining Pioneer Dome potential profit In Summary: Lithium Resource 7.5 million tonnes at 1.23 LiO2 Processing approx. 1 million tonnes P/A Recovery 74% Concentrate Grade of 5.8% Concentrate shipped total 1.177million DMT Lithium price US $2500 DMT Cash Flow after tax AUS$1.956million NPV post Tax AUS $1.152 million Even at lithium price US$1500 NPV would be AUS $394 million When you go back through reports there was so much hype in how great this project is and potential it has yet our board of directors appear to have abandoned ship.
ESS Price at posting:
48.3¢ Sentiment: Hold Disclosure: Held