NILI FMV market cap: $ 1.85 BillionMy valuation of NILI market cap
What we know to date:
- average depth 65 meters (conservative, actual will be more)
- average density 1.65
- average grade 3250 ppm (represents: .00325)
- Length 3,500 meters, Width 950 meters (open to expansion)
- Li2CO3 price $ 15,000 USD (prices now $ 23,000 USD per ton)
- Market cap: to be valued at 2% of lithium value in the ground
Calculating Tons of Recoverable Li2CO3
Volume: (3,500 m * 950m * 65m) = 216,125,000 sq. meters
Total tons: (216,125,000 m3 * 1.65) = 356,606,250
Lithium: (356,606,250 tons * .00325) = 1,158,970
Li2Co3: (1,158,703 lithium * 5.323) = 6,169,198
FMV of NILI stock:
FMV of NILI (6,691,990 Li2Co3* $ 15,000 USD * 2%)
$ 1.85 BILLION
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Our deposit is open to the West, to the South and to the North and is going to dwarf the LAC Thacker pass lithium deposit, which carries a market cap of $ 2.44 billion.
My personal opinion