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50.5¢ leo lithium limited

I don't really think it's about resource size, it's all about a...

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illalong

264 Posts.

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02/02/24

10:55

Post #: 72200834
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Originally posted by JSB007: ↑

One part of me is like yeah nah we're going to 10cents when this opens and we'll be lucky to ever get back up above 50c, then another part of me is like ~30% ownership (after Mali take their %) of a 210mil ton resource is 70mil. That's not bad compared to most others. We could still get a good valuation for that if the Li price recovers. Also if theres an increase in resource size, add a 3rd of that to the 70mil.

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I don't really think it's about resource size, it's all about a succesful commissioning and a decent cost FOB for our 6% concentrate.

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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