IMO 1 Thing going for a massive multiple $1 2 5 10 is that we...

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.

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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.

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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

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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

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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.