Spodumene prices are still $2800/t....
They could drop another 50% and bald hill would still be turning a profit....
Mines are valued for their infrastructure and the potential profit over life of the mine.... If you think that plant running for the next 10+ years is only worth $100million, you need are the dumbest of the dumb.
MIN paying $1billion would be a steal, they are probably paying less than that and it's a complete robbery.
$2800/t spodumene and you think MIN are walking away, what a clown show comment, when the mine was commissioned prices were only $800/t.
Spodumene prices are still $2800/t....They could drop another...
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