An interesting Li company with a substantial Li2CO3 resource in Spain which is not currently factored into SP. The Li2CO3 R&R is 1.3mtns which has a product market value of around US$13b or A$16b. A scoping study is due soon and prior to its release I have prepared a rough NPV to gain an understanding of what the potential is here A similar company is EMH which also based in Europe.
Column 1 Column 2 Column 3 0 Units 2020 1 Total Resources - Li2CO3 mts 1.3 2 Indicated Resources - Li2CO3 mts 0.4 3 Annual Production - Li2CO3 kts pa 15 4 Mine Life yrs 15 5 Li2CO3 Market Price US$/t FOB 10000 6 AUDUSD 0.78 7 C1 Cash Cost US$/t FOB 5000 8 Spain Tax Rate 25% 9 Development Cost US$m 150 10 Sustaining Capital US$m pa 3 11 Equity/Debt 33%/67% 12 NPV (10%) A$m 427 13 NPV (10%)[/B] Per fully diluted share A$ 1.61
So a rough NPV calculation using numbers from EMH's scoping study gives an NPV(10%) = A$427m or A$1.61 per fully diluted share. The current PLH SP = A$0.21 and MC = A$32m which suggests there is substantial upside yet to come. I suspect once the SS is released the SP might start to move.
These are my numbers only so please DYOR
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