I should post here,
Another Chinese listed company just invested US$117m in LLL's neighbor (~20km away): US$100m for developing lithium project to own 51% of the lithium project, and US$17m for subscribing shares at 100% premium for 14.85% stake in the Kodal. The resource on a 100% basis is 21Mt @ 1.11% Li2O, updated feasibility, Capex US$65m, annual production 130ktpa concentrates, all in sustained cost US$540/t, initial mining life 4 years. (Initial study was 220ktpa SC6 for 8.5 years with capex US$154m)
(similarly The Mali government has the right to a free carry on 10 of the project and an option to acquire a further 10%)
So Chinese listed company values Kodal at around US$114m. (100% basis resource: 21Mt @ 1.11% Li2O, mining life 4-8.5 years, Kodal will own 44% or 39% of the lithium project). Construction not started yet.
LLL market cap US$447m. (100% basis resource: 142Mt @ 1.38% Li2O, mining life 21 years plus, LLL will own 45% or 40%). Construction already started.
- Forums
- ASX - By Stock
- LLL
- Valuation compared to Peers
Valuation compared to Peers, page-12
Featured News
Add LLL (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.0M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable