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I doubt any company would pay the numbers like $4B or $5B based...

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rakeshd347

210 Posts.

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26/06/23

10:11

Post #: 68465903
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Originally posted by chuk: ↑

The closing paragraphs ot that article below shows the oil companies are also interested in resources that are not linked to oil fields. Vulcan’s resource grade is around 200ppm.

Vulcan Energy Resources, backed by Peugeot owner Stellantis, is developing a geothermal lithium project in Germany’s Rhine Valley and is in talks with oil and gas companies to partner on the geothermal and DLE parts of the project.“Whether it’s BP, Shell, Eni, Exxon or Equinor — they are all looking at it,” said Vulcan’s deputy chief executive Cris Moreno, referring to the lithium sector.

https://www.ft.com/content/7616a9f4-e0db-4d61-b189-9e81ddd8137b

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I doubt any company would pay the numbers like $4B or $5B based on just JORC. Give me couple of examples and happy to be wrong. I am a shareholder but realistically speaking, anything based on $1.4B USD or more is good outcome.

If they do feasibility study etc, then it might go for more.
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