Hi all,
Based on our
1. very low EV/Resource - best value to anyone globally either producer or explorer; and
2. 30+ years of production life; and
3. Low iron content (note explorers are just trying to work out lithium is on their sites let alone metalurgy; and
4. Largest low cost hard rock producer on the planet compared to other proposals or other existing operators. I think cheaper than any brine operation for batteries for EVs or Storage.
I can confirm the ruler is now being run over PLS. It is more so a case of does the offtake and prepayment come first or an offer.
If it was me on the other side I would make an offer as future demand forecasts and price expectations appear wrong - Canaccord will be the first of many revisions we will see for higher lithium expected future prices.
This is the most comfortable trade I have ever done.
If management wants some advice:
1. June - Release updated competant person report as soon as possible.
2. July - Complete the offtake + prepayment.
3. August release DFS.
This would generate greatest value for shareholders and keep a consistent news flow. If the do DFS and offtake + prepayment at same time it would result in a lower share price.
This is my view. Do your own research and by all means if you disagree express the view.
I am planning to go to China to visit all the processors of spodumene to further verify what I believe.
Cheers,
Super Ninja
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B |
Open | High | Low | Value | Volume |
$3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
41 | 815921 | $3.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.08 | 309816 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 195171 | 3.060 |
50 | 157222 | 3.050 |
9 | 32502 | 3.040 |
15 | 74596 | 3.030 |
14 | 32496 | 3.020 |
Price($) | Vol. | No. |
---|---|---|
3.090 | 400231 | 3 |
3.110 | 17026 | 2 |
3.120 | 19982 | 6 |
3.130 | 28145 | 4 |
3.140 | 28903 | 5 |
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