RE: Any idea?22 Feb 2021 11:19
No idea, but I don't mind this price action to be honest. As far as I can see they should never need to come back and dilute again and have a current market cap of £140 million for a resource that within 7 years could be producing 50k tons of lithium per year. $4k cost $11k selling = $7k profit per ton. So $350 million profit per annum / 2 = $175 million profit for BCN per annum, it's current market cap, just need to wait.
So it should be making the current market cap every year in 10 years time.
Just need to wait!