I'd be interested to see your numbers and share the same boner... Ok.. maybe not the same one.. hang on where is this post going? lol
Ok so aiming for a little boner-esk view here's some thoughts.
I think on the side of reality I am going to say that I don't see $30 per share unless there is a share buy back that occurs.
Listening to the AGM again I'm going to sway a little based on an 80% achievement by the company in 2025 that they get to 80,000 tonnes per annum.
Being also middle of the road (probably more lenient) using US$12,000 that would provide an annual revenue of US$960 million per annum.
Though, one thing I caught the company discussing was it's view on how it will utilise the funds they have accumulated to go outside usual investment parameters that a mining company might use.
We have seen them invest in Lepidico as well as A40.. So I wonder what are they planning to use the money for.
Their discussion points in the AGM lead very much to Tesla, even describing a wall that they have in their offices with detail.
I've also been told that a representative of Tesla has been hanging around Sal De Vida with great interest in the direct extraction processes that are being used.
Taking into account that Livent said they will utilise various methods to achieve their requirements with hard rock in Australia as well as brine in Argentina being a focus.
As well as Tesla coming out and saying they will consider in mining operations.
The idea of a take over comes to mind.
Listening to Martin explain how the company might manage a take over even at $1.50 I didn't feel overly confident that they could do so.
In which case going back to your $30 analysis, or should I say claim.
Perhaps looking outside the Galaxy box might be more reasonable, and then working out what the value would be after say a scrip for scrip acquisition.
To me, I don't see Galaxy ever producing from Sal De Vida on a commercial scale.
That claim to fame is more than likely to end up with someone else.
