Nemaska Lithium Inc NMKEF

Value of spodumene project

[TeddyBear]

Alita is 155kt spodumene concentrate (NMX 205kt) ... it in the process to be take over by chinese buyer for peanuts (around US$50M).

https://www.allianceminerals.com.au/projects/

https://www.singaporelawwatch.sg/Headlines/alita-resources-told-to-apply-for-extension-over-court-hearing

[Charlene]

Nice Try, Teddy!  Their cost of production was around $772/tonne.  With prices around $550/tonne, they were losing money.  Hence the valuation. I am surprised they got $50MUS.    

[TeddyBear]

NMX 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

[TeddyBear]

and you miss an other point, with spodumene only Orion is clearly out of the loop, so need to payback them C$100-120M (hypothec on all asset) that they do not have in bank !!!!