Although the sale to POSCO is a non-binding agreement, this is still big news for DMI. Gives an approximate indication as to what a prospective buyer may be willing to pay for an undeveloped "1.58 million tonnes lithium carbonate equivalent (“LCE”) of JORC compliant measured & indicated resources and 2.54 million tonnes of LCE of JORC compliant total resources'.
GXY keeping the southern most tenements is also encouraging for us, along being a larger measured deposit, it could possibly mean they see it as a more prospective area long term - which bodes well for DMI if anything economical sits below their ground.
Now we wait and see if POSCO go follow through with the purchase.
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