NVA - Snow Lake Resources, page-16

My most recent thoughts on 12-months upside were posted here:

https://hotcopper.com.au/posts/36743381/single

That would get us to feasibility stage for Snow Lake and would be a share price in the 6.9c to 9.2c range (2 to 3 bags of profit). Would get us to a market cap of around $45M to $60M.



At a guess an additional 3 to 5 bags in getting to production. Perhaps more if lithium and general market sentiment improves. It also depends on whether they pursue a strategy focused on spodumene concentrates or whether they add strategy for downstream productions ( hydroxide or carbonate ).

Can't really do any reasonable forecasts until they get their Preliminary Economic Analysis done. It so much depends on the size of the resource and reserve. Operating margins are perhaps they key factor as that determines cashflow.

The above excludes Estelle.