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You invest here for either or both of these reasons:
1. About 1.5 years from now Ewoyaa begins production targeting 365,000 tonnes of concentrate per annum. Making it one of the largest producers in the world, whilst also one of the lowest cost. A conservative market capitalisation after this would be around $1.5-2.5billion so a 10x from these current levels isn't a stretch at all. 200p+.
2. You want Assore or another bidder to pay a fair price for the asset before it's in production. This would be around 50-100p. Definitely not 33p. Try harder.
I buy in at 20p for both possibilities.
600 still excellent as Neil says includes taxes and royalty deductions. Spodumene even at 1000-1500 and the mine is going to make an absolutely fortune in just the 1st year. Spodumene over 2000 again and imagine that dividend.
Lithium the bottom is in with restocking occuring. $900 not a bad base with ALL at sub $400. Will be back over $2k shortly.
https://www.fastmarkets.com/insights/chinese-lithium-price-edge-up-amid-pre-holiday-restocking-seller-inactivity/
Find me another shovel ready project with a C1 expenditure under $400usd per tonne with a resource as well defined as this which just keeps growing, that's on the door step of the main port, which can support this kind of output... What steal at 20p.