Think most of the stock payment went up in smoke literally. Don't forget Fritz by the Rhine and his simplistic, but oh so swell, calculations - what do we have here 3,000 tonnes (capacity) batteries @ $4500/tonne (BSS payment) = $13,500,000 + what ? $1M p.a. (easy stuff) MMD sales. Strike me pink we're looking at upwards of $15Mill gross easily without even raising a sweat. Now COGS is minimal because we're talking about the low of the lowest low low so doesn't even need to reach the P&L. Yep I'll take and extra paper-bag with 1/4 mill for all that and take myself to Wagga Wagga for the weekend. Pull the other one.
LIT Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
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