RE: Fingers and figures19 Apr 2019 01:24
You bet ya robinhood , true to your name . "The sp tanked because of the unrealistic ramping and no-one knew it was going to be on just 10% of Cinovec." Codswallop earache , it was people like you that did not understand the PFS that decided to sell , the market does not really react to ramping , the market is way bigger than a few posters whom watch this thread and hot copper . Again a well misinformed man . The market actually was pricing EMH correctly on speculation , had the punters not evacuated and the whole lithium market decide to correct we would still be sitting at a $1.00 or above . As I have reported the top 40 has been essentially unchanged or even increased holdings in this time . And what our share price has not tanked because of politics , ? Fool ! And the whole top 40 evacuated because of these politics , no of course not ! They bought more because they are so undervalued .
Again no one buys stock in any company on what they consider to be today's value everyone buys or sells stock on the speculate value into the future , that is what stock trading/investing is . For you to sit there and dictate that you are the sole person to come up with the truth and provide facts and figures from RNS's is fine for you but some people may just be interested where a true future lies . READ the consistent view from Lawrence rampy ?? bull twang , facts !!!!! See the way I see it ,you need to get of your pompous pommy rear end and get to reality any projections I make are always substantiated with figures , the punters here and hot copper have the right to challenge those figures , and just sometimes , I do really chuck a few out just for you to whinge about and create quality discussion other than your dribble . I sit here sometimes and just try and work out how I can fire you up , and boy do you take the bait , I love it . You have brought this onto yourself my man .
Just a few facts for you earache 25,000 tonne current estimated production , second shift would bring it to 50,000 tonnes
Li2CO3), into Europe and the United States duty-paid, at $13-15 per kg on Thursday
So let’s call it $14,000 a tonne and will not be getting cheaper in years to come .
Simple so we have an aprox production cost of $4 K so $10 k profit on 50,000 tonnes of Li
LOL $500 million USD profit or $700 million in Aussie dollar terms divided by possible shares on issue at the time and I now speculate 400 million B4 production so that means $1.75 AUD a share earnings , multiplied by a PE of 10 for conservatism and our share price will be $17.50 AUD . Now if you don’t believe in the second shift call it $8.75 . Now you say you think that the capex cost will go up for obvious reasons yes I agree , however , no one will actually care about those costs into the future because it will all be about the profit generated give or take a couple hundred million capex cost . It is not like we don’t have 100 years or more of production ( at 50,000 T/per annum ) in front of us