RE: Nothing available14 Feb 2019 13:45
Yep, most Lithium Projects seem to think its OK, to have an IRR of 25% or so. ie 4 years to pay it back. For us to pay back the capex in less than 2 years, makes far far less risk in any situation.
We have simply almost the best, useful size, cheapest production costs and ease of mining almost on the planet.
We are on the verge of a mining license with Rio Tinto for a multi billion project in Mozambique.
We are so far under value that most simply don't understand why we are this low.
Background buys soaking up at 6.1 to 6.2p probably to show after hours again like yesterday.
But I am happy with this SP for today, although 6.3 maybe 6.4 would be nice.