ok 2026 PAM s lithium plant probably goes online...They say RK...

ok 2026 PAM s lithium plant probably goes online...

They say RK has 164500 tonnes of Li



and a 10000 t/ pa plant which give a minimum LoM of 16.45 with this current RK prospect only..



now lets try to value this DCF

Cash cost for Li2C03 : US$5,647/t (note Thailand will probabyl give PAM some BOI incentieves like tax holidays, very low royaltiy or zero royalty rate, etc)
Current Li2C03 prices (i think its the bottom) : 97500 CNY = US$ 13739/t

per tonne we make US$13739/t - US$5,647/t = US$ 8'092 profit
10 000 t pa x US$ 8'092 = 80'920'000 so approx 80M proft a year...

so a simple DCF to just value RK ... let assume someone will fund the 200M and PAM pays it back over 10year even with this current low Li prices this company prints money with RK (only) now consider the portential grwoth story... 2nd project in thailand, chile, vietanam, etc...




so a fair value: 3.32 AUD if production would start 2026 based on current Li prices and estimated costs... upside is hughe if all plays out