Purchase of Sav, Article- Sale3 Dec 2021 12:00
They are saying that refinery will process 25,000 tones a year at $29 a kg, (NOV 04 PRICE, ITS WENT UP SINCE) so rough calcs=
25,000 Tx 1000kg x $29 = $725 million per year. Mcap here is £70mill. (£546 mill per annum)
£7million to be received from Rio Tinto for Mom
Guess half of fund left from end of June, £4.9mill
We have £12mill app in the bank
Intange assets of £17.8 million
So the value of the work done so far and the largest lithium mine in Europe is valued at £40 million?
When EIA lands this has got to double in SP?
LTH, please review my calcs, happy to be corrected and open to opinions.
Noticed after the articles posted by others that the bought shares is the highest its been for weeks 10 x buys to sells but the SP and bid has not changed?