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Bullboard - Stock Discussion Forum Surge Battery Metals Inc. V.NILI

Alternate Symbol(s):  NILIF

Surge Battery Metals Inc. is a Canadian-based company. The Company’s Nevada North Lithium Project flagship property is dedicated to exploring clean high-grade lithium energy metals in Nevada USA - essential for powering tomorrow's electric vehicles. The Company’s management team boasts a strong track record of delivering significant shareholder value. The Company is led by a board and... see more

TSXV:NILI - Post Discussion

Surge Battery Metals Inc. > FMV of NILI $ 470 million mkt cap: $ 2.50 to $ 3.00 per/sh
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Post by deepoil0808 on Feb 27, 2024 10:49pm

FMV of NILI $ 470 million mkt cap: $ 2.50 to $ 3.00 per/sh

I know that investors often have a very difficult time evaluating the market value of a stock, especially in the lithium industry.

As it stands now, we have 4.7 million tons of lithium in situ.

Competitors to NILI value the lithium in situ between $ 75 per ton to $ 125 per ton.

Lets us our own number of:  $ 100 per ton.

Simple math:  4.7 million tons lithium * $ 100/ton lithium value in situ

MARKET CAP:    $ 470 million or ($ 2.50 to $ 3.00 per share)

We are going to have somewhere between 15 million and 20 million tons of lithium when drilling is all done.

Applying a multiple of $ 100 per ton means

Market cap of $ 1.5 billion to $ 2 billion for lithium in situ ($ 15 to $ 20 per share). 

You are getting NILI now for $ 70 million so potential 2000% to 3000% rally.

Good Luck, 
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