Massively undervalued, page-8

SuperN, I have to add a bit to your "pick any stock" comment. I would add pick any stock with a resource. PLS is my pick as well, simply as it has easily the biggest resource.

Another little interesting tidbit. I can't remember where I read it though. That was that Greenbushes had a resource of 130mt at 1.3%, and elsewhere I've read they had a resource of 70mt at 2.4%. Both numbers come to the same amount of Li2O being around 1.68mt.
If either of those numbers are true then with our projected target, that might be reaffirmed by the next set of drilling results, probably coming out next week.
@blastfurnace can you confirm those Greenbushes numbers, or are they incorrect??
This from a WA govt report.....
"Australia’s Lithium EDR were estimated to be 1538 kilotonnes (kt) in 2013 with a further Inferred Resource of 139 kt." Mostly from Greenbushes, but is that lithium metal?

From Albermarle p48
http://investors.albemarle.com/mobi...TQz1TRUNUSU9OX0VYSElCSVQmZXhwPSZzdWJzaWQ9NTc=


"Greenbushes, Australia
•Large reserve –50 year mine life
•Scale advantage–largest active
•Best ore quality globally: 2.8–3.3% Li2O"

I believe/ read they are producing 400,000t of spodumene concentrate/yr, then that means there reserves are about 1.2mt of Li2O, which goes along nicely with the total resource being about 1.68mt of Li2O in spodumene.

Overall, our current target looks like making us bigger than Greenbushes and the next drilling results will tell a lot of the story.
If we are the biggest then the current MC of $810m is a joke, we should be 4 times that at least!!