E3 Lithium Ltd. V.ETL

What’s the Cost

[MrPeters]

Hey 69er. What do ya think the ball park figure is for Capital needed to get a plant up and running?

[My19sixyNineZ]

E3 employee says $850m...... https://ca.linkedin.com/in/mathew-walker1

[MrPeters]

Thanks 69er that's a nice bit of change. The spot price is going to have to go back up significantly for this puppy to make big bucks. as it stands now the Profit Margin would only be Penny's on the dollar.

[PuerSimia]

Isn't the current spot price around $14K a ton right now, which is what E3 has been using in their price model from day one?

[My19sixyNineZ]

December's a wash..... Li contracts re-set Jan

[Loughatorick]

Google  -  Fasrmarkets  Lithium Prices Continue To Tumble Amid Falling Futures by Zihao Li In the December 4, 2023 article, the price for battery grade (56.5 % pure) LHM CIF China/Korea/Japan was between $ 18-19 kg. That's $ 18,000 to $ 19,000 USD per tonne. There may be a gap between selling price and purchase price for arbitrage. E3 can produce 99% pure LHM, so the price

[Loughatorick]

That should be Fastmarkets... Also, the PEA estimated cost of the plant was $ 602 million with $ 79 million USD contingency.  Z referred to $ 850 million cost now.  So revenue is higher and costs are about the same...without taking into account revenues from magnesium co-product sales.

[MrPeters]

lol, ok I'm with you, your figures paint a healthier picture than mine. But they need somebody with deep pockets on board to partner with. The Capital Costs will have to be carried by say an Exxon\IO. Get the PFS out and we will hear who E3 is either Partnered with or owned by!!

[My19sixyNineZ]

Uuuh....keep in mind govt grants/loans, are not based on spot or share price. US gave ALB $90m for a mothballed Li mine with 5 yr window for production But i've always wondered if 3 months of pilot would be good enough for that fubds & or; to ward off a b(s) offer from a partner Well it's going deeper into the months now....so shall see

[My19sixyNineZ]

Meant to also say again ---- Chris knew extending "into 2024", for whatever reasons on the $3.55. Sure seems to all add-up now. 

[sicnarf2]

Just chump change for Elon Mysk !

[sicnarf2]

Elon Musk !