Potential Takeover Offer Price, page-213

Like your numbers but just double it to $1.20.
Manono is closer to 2 billion tons.
Already proven mineralisation of spodumene at 250 metres depth with excellent grades.
China reviewing policy will create further importance on securing long term supply of hard rock 99.95%
CATL has government subsidy backing but needs quality lithium supply / cobalt already secured.


In these studies, Manono pegmatite is conventionally considered as a multi-branched dyke or laccolite, extending 14 km along a NE-SW axis (in agreement with the direction of the host micachists) and presenting in its middle a hiatus of 2.5 km. The width of this body varies from 50 to 800 m, with an average of 400 m. The SW (Kitotolo) area has an area of 1,350,000 m2 while that of the NE part (Manono) is 1,200,000 m2.”

These dimensions are enormous. If you assume a depth of just 50m, noting that it has been drill tested to 100m ending in mineralisation, you get a volume of 127.5m3 of volume, multiple by 2.8 and that’s 357MT of ore assuming spodumene mineralisation throughout. And that number doubles for every 50m of depth and consistent thickness proven. Obviously just an exercise in big numbers but the site has huge scale.


Very significant .

https://hotcopper.com.au/threads/te...anghai.3776643/?post_id=28133256#.We8gRVWWbIW

There have been reports circulating since last month about a relaxation in joint venture requirements for foreign automakers. Other major automakers including Ford, Daimler, and General Motors also have plans to produce in China. Daimler, which has had a joint venture with BYD for batteries that goes back years, also struck a JV with BAIC for EVs over the summer.
"Local manufacturers are moving at a much faster pace than global peers regarding implementation of new technologies," Tamberrino wrote. "They believe this creates greater showroom traffic and interest in the brand."

All Imo