RE: Maracas economics. $2/share is possible.May I add to this great post that:
1. Term sheet will most likely be signed next week with a Brazilian partner (best guess).
2. Chinese will need huge quantities of vanadium to build this high speed railway track, which will be twice as big as the rest of the world combined !! Vanadium price will skyrocket....
3. Tungsten also in short supply and steadily moving upward.
4. Maracas capex will drop further as a result of all sorts of optimisation measures.
5. Project IRR will increase significantly because of the above.
As I said before LGO shares will hit 0.50 before Halloween and will certainly reach Lurkerone's target of $2 towards the start of production.