International Lithium Corp release ‘highly favourable’ PEA for Raleigh Lake lithium mine project. Watch the full video here.
Great news. LFG
"they only need to find £2 million of copper for the company to be worth £10 million"
What nonsense. Not sure thats what you mean, but that is total BS share dealer. Do you know how mcaps work? Based on that statement no.
Theyd need £2m in revenue for the company to be worth £10m, prob more.
£2m in copper is £2m in copper. Actually based on that NAV, they'd be valued at about 1-10% in ground.
£1bn of copper (NAV) and the mcap would be £10-100m depending on other factors if not producing yet.
And anticipate. 43m FREE shares being dumped on the market ahead of being issued. I reckon will level off around 1.5p before a slow re-rate back up back to 2-2.5p BECAUSE there are a further 60m+ to come!!
Challenge is the 100% dilution that was announced earlier in the month, thats why it has dropped back today at close.
Current issued share capital is 194m shares with an additional 136m to come, LSE is still only showing 149m shares in circulation, so dont take that mcap into consideration.
Account for 300m shares.
In the summer and since I have tracked EEE, at the the time I'd bought more here we all know what happened, and have since.
EEE was 1.6-1.7p in the summer. It hit 11p today, and up from 3.7p last month. Not even 5 months and its 7.5x. Great team over there and hindsight is a great thing, but sure I ballsed up. Imagine getting that return, slicing half and then coming in here now. Id have 5x more shares here and still upside on EEE.
I've tracked this since 1.6p in the summer and never bought in as that dog COPL had my funds tied up, hopefully that will come good in time. Well done to everyone in profit here (small or large), great to see a small cap growing into a mid cap and the management team with integrity and shareholders in mind.
As shown he has since flown into the country and did the interview around the same time, the latest interview is the latest update. They only released an RNS as the share price was up over 60% and didnt want it to get away.
Still expecting signature prior to Christmas.