How much location discount are folk wanting to receive?
50%? 60%? 70%?
The MRE is going to come in considerably higher than the current numbers.
Likely upgrade to 1mtpa production with it.
The resource and plant is in Mali, just like RSG Mining is. They are doing very nicely currently.
LLL is carrying execution and location risk. The execution risk will be greatly reduced the closer to the first SC6 shipment leaving port.
On a side note, the average MC of LLL to LTR prior to the 28th March (TO offer announce day) was 19.5%, carrying the above discounts already.
As at tonight LLL SP would have been around 99c based on the average of 193 trading days since listing.
I call this the valuation gap.
Since the 29th of March LLL has closed that gap on my LTR sell to LLL buy trade by 33%. Could have got alot more on the 12th April, but best not be too greedy.
LTR would need to be trading $3.24 if selling stock with CGT Disc or $3.70 without for those wondering this point.
Cheers
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