Just bought in.Never too late. Stock is CHEAP.In my view, one...

Just bought in.
Never too late. Stock is CHEAP.
In my view, one needs to adjust the NPV figure they use of 10% which is v high for a good jurisdiction - to say 8%, which is comparable to other resource cos in such jurisdiction. In doing so, NPV rises to probably cUSD700m.
We’re therefore priced at only 20% of NPV... I expect 3x upside to the shares this year.
I am l bullish on European Lithium companies too, but EMN has the distinct advantage of effectively being the only manganese player on the continent. Moreover, the recycling aspect of the project cannot be understated. It’s perfectly aligned with what the EU is looking for in its green deal aspiration.
Finally, I believe just like EMH, EMN could get access to funding for the project from the EU Transition Fund.

NO BRAINER.