Firstly very pleased to see all sales and payments are thru A1 rated mitsubishi and payment made by mitsubishi within 14 days of being loaded at a WA port
Ok heres a bit of doodling re earnings
so 60,000 tonnes at US$600 per tonne allowing for us exchange rate 75cents then share with gxy(divide by 2)
equals aus$24million.
"a conservative throughput of 800,000 tonnes during the recommencement phase then up to a potential target of
1,500,000 tonnes"
now assuming that the 4 countries listed in the offtake agreement(china vietnam south lorea and taiwan) are as desperate for lithium as we are lead to believe....
then say output 650000 tonnes at us$600 divide by 2 say exchange rate 75cents suddenly its aus$229,411,000!!! say 321million shares issued gives us approx 71cents a share!!
dream a little and say output 1.2million tonne at us$750 exchange rate 70cents,thats close to 650million giving us approx $2 per share!!!
Obviously ive made a mistake somewhere?i have no idea of expenses loans etc etc..... as stated just doodling with gross earnings
regards l26
GMM Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
