NVA 3.57% 13.5¢ nova minerals limited

Snow lake lithium valuation question, page-45

  1. 1,690 Posts.
    lightbulb Created with Sketch. 459
    Great info there mate.

    Some other points that stand out to me around Snow Lake are:

    *$100 - $120 mill MC of Snow lake ipo
    * Snow Lake has about 11 million tonnes of 1% lithium.
    * $23 mill will be raised from IPO which will be used to drill SL.
    *SL’s 11 million tonnes should quickly become 20-30 million.
    *Peers of SL have a MC of around $400-$500 million
    So they won’t be selling cheap and will let it run to add value for Shareholders.
 
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