IMO 1 Thing going for a massive multiple $1 2 5 10 is that we have 1.6 billion shares & a Low Mc of $63 Million.
The purity ( 99.8% which we have achieved is great) and the Quantity is relevant.
At 4% of the land being so far explored, leaves 96% or 25 times to be still explored. (Visually it all looks the same in videos), and
purity in such a small region would tend to be similar.
****************************************
As of 17 Aug 2021
Spot Price of LC is USD 13,500 per Ton. ( AUD 18,920.82 )
Estimates of Cost of production for rock based Lithium is between USD2,500 to USD4,500
In both above cases, with current SP... There is a minimum Profit of USD9,000 per ton ( AUD 12,613 )
This Price of Li is expected to to reach and cross the all time high of USD21,500 ( AUD 30,000 )within a few years.
***************************************
At 4% we have estimate of LCE of 320,000 Tonnes (Profit @ US 9,000 = USD 2.88 Billion)
Total resource of 100% tenement, They have estimated between 271 million tons – 483 million tons for our land holding.
Which at current conversion rate (LCE tons is 1% of resource tons) is equal to profit at USD9,000 to:
LCE 2.7 Million Tons = Profit USD 24.3 Billion
LCE 4.83 Million Ton = Profit USD 43.4 Billion
Imagine the profit when LC price is more than double at USD$21,500
*************************************
If all goes well.
So looking at 2.7 mill tonnes LCE miniumum, Profit is USD 24.3 Billion (AUD $34 Billion)
Divide AUD $34 Billion by 1.6B shares is $21 per share
Now looking at 4.8 mill tonnes LCE miniumum, Profit is USD 43.4 Billion (AUD $60 Billion)
Divide AUD $60 Billion by 1.6B shares is $37.5 per share
**************************************
IMO we will be taken over way before it reaches $10 per share
Ofcourse there is risk, therefore it is at 4c. at the moment.
As they say Fortune favours the Brave, Lol also... A fool and his money are soon parted.
I think HWK will do very well.
- Forums
- ASX - By Stock
- AZL
- Local Indigenous tribe formally objects to Big Sandy Lithium Mine
Local Indigenous tribe formally objects to Big Sandy Lithium Mine, page-59
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add AZL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $8.871K | 555.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 12597869 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 526376 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 12544869 | 0.015 |
58 | 15213529 | 0.014 |
17 | 4046915 | 0.013 |
10 | 4258696 | 0.012 |
8 | 4552000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 526376 | 4 |
0.017 | 4287901 | 18 |
0.018 | 3376831 | 13 |
0.019 | 3104989 | 10 |
0.020 | 1814125 | 10 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
AZL (ASX) Chart |