Raaydaar….
You are wrong as you are calculating spodumene at SC6 grade but if you have listened to GR interview our spodumene is of SC7.2 grade or higher which attracts premium price much higher than SC6…so the profit margins would be multiples of your calculations…
Prem will generate huge revenue and margins of profits far more than SC6 grades..
Go and research the big difference between the two grades and you will be surprised!
Daz…to make short sell KOD and jump here with Prem to recover your losses…
No point to gamble with Kod…which is likely to face delays and hiccups until it achieves it aims of production.
You are buying a risky proposition lad…
Prem is the one and only player now to make good money.
GL
Kod and Prem are un-comparable ..
Kod is exploring its assets to prove but Prem has passed this a while ago and on the cusp of producing massive high grades spodumene and expansion to monetise other assets with more revenues and profits..
Kod is like a prentice under scrutiny….and well behind Prem
I wouldn’t touch for now!
GL
The reality is Prem was well oversold due to a few hiccups in the old mill delays and dysfunction which created mayhem with its finances but the mill issues are now rectified and spodumene grade of higher quality is now expected that generates more revenues than anticipated before .
This sp rise is well overdue to rerate and reflect the progress made. Canmax support is unwavering and crucial here and that’s happening. GR can easily raise more financial support if needed once the new bigger mill starts churning…
Here we are heading towards .4p then much higher depending on the mill productions..
GL
The one positive I am finding in securing the money immediately rather than delaying and offering to us must be something big is coming their way to execute,for organising this in such a rush…
Hoping To be right
GL