Lithium & The Future, page-2974

https://seekingalpha.com/article/4229233-update-altura-mining?dr=1[/BCOLOR]

Conclusion​

From my original Altura Mining article in September 2016, I could see the potential of Altura Mining with a 100% owned large lithium spodumene resource in Western Australia.
Since then Altura has made strong progress. The resource has increased from 36m to 50.5mt (and further tenements have been bought), the Stage 1 DFS improved on the PFS (both used very conservative spodumene price forecasts), the Stage 2 DFS of post-tax NPV 10% of A$834M (62.6% IRR) was very good, and just last month the signing of a major off-take partner deal with China lithium giant Ganfeng Lithium.
Valuation is surprisingly attractive especially since the above deal secures a strong future for Altura and increases the chances for a successful Stage 2 expansion down the track.
Risks are fairly low given Altura Mining is now in production. Risk mostly revolves around any lithium spodumene price falls and Altura's short-term debt with high interest rate, and their ability to ramp to full Stage 1 production as planned.
Altura Mining sits in a strong position with three off-take partners taking 100% of Stage 1 production, and further upside if they reach Stage 2 production of 440,000 tonnes.
My view is that Altura Mining is a relatively low risk, solid reward play, and is now a bargain again.
As usual, all comments are welcome.​