GREY:NMKEF - Post by User
Comment by
TeddyBearon Jan 30, 2020 8:45pm
75 Views
Post# 30622811
RE:RE:Value of spodumene project
RE:RE:Value of spodumene projectNMX claim
(USD 347/t) CIF Shawinigan for spodumene (+ need to add transportation cost) but everybody know how they are reliable, neverthelss spodume concentrate price is $450-510, and there is huge project idle in Australia due to oversupply.
Prior CCAA and bonds mess, estimation for spodumene only was 10 cents/share (C$85M value based on 850M shares), no you have a distress asset so...
Nevertheless the plan has NEVER been mine only project, maybe you will be able to get 2-3 cents on the dollar ... if lucky, anyway keep dreaming better than nothing. https://www.mining.com/lithium-industry-in-a-waiting-game-report/ Similarly, hydroxide prices now average just over $10,000 a tonne and spodumene concentrate (6% lithium for hydroxide manufacture) fell by 3.5% last October to average $450–$510 a tonne. Overall, this represents a 45% drop in the last year.