small potato...Vul is creating a 40k ton giant plant...think bigger e.g let’s assume your plant is 70% occupied and produce 28k Ton of lithium annually then multiple 28k x $34.5k(lithium spot price) = $0.96b that’s is your revenue and market should trade this with Atleast a multiple of 20 on P/S matrix so 20x $0.96= $19.2 MC USD ($26b AUD)
Right now VUL is $1,6b MC fully diluted. Give it 5 years
Umicor will buy 5000 ton from Vul in a year...VUL soon will be signing off take agreements with all the GMAs to maximize the utilization of plant.
