RE: Directors Talk Tweet9 May 2024 11:55
WHI Research Note explains it well:
"WHI View: The JV announced Alien for the Pinderi Hills project values the lithium JV at A$8m – this excludes the potential value of the nickel, copper, platinum, palladium, rhodium, and silver that has already been identified.
At zero cost to Alien, the JV facilitates the investigation of lithium at Pinderi Hills, provides Alien with working capital and leaves Alien free to focus on its flagship Hanc0ck iron ore project.
We still see fair value at 2.7p/share as Alien moves Hanc0ck along its development pathway."
Now that FIRB granted approval of Azure Minerals takeover by $SQM & Gina there is going to be M&A all across Karratha for Lithium after deal fully completes.
Gina is not going to buy Azure and give up the rest of the lithium to competitors.
She is sitting on $19.5bn in cash.
If we want to get in on the Gina lithium M&A action, we need to prove we have lithium & drill asap.
Problem is that we need to focus our time & money on our flagship Hanc0ck project and start construction in a couple months.
This is a strategic JV with Errawarra which borders Azure for Lithium rights only.
Getting very exciting :)