OTCQX:NTTHF - Post by User
Comment by
SnowyWindowson Oct 07, 2017 12:59pm
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Post# 26789338
RE:RE:can u feel the love
RE:RE:can u feel the loveLithiumNPV wrote: slowbrew wrote: lets not talk about our love,
rather maybe NPV could tell us about his love for NLC,
or maybe he could tell us how share value goes up because the cost of the processing plant in # of shares needed goes down when the share price goes up and up and......
or...........
NPV could tell us how many shares he has bought in the last two weeks.
Lithium I just love it.
I know I am getting lots of reactions by stating the obvious. You can have a great commodity like lithium, but of course, the problem is you need a salar big enough as well like Lithium Americas, Orocobre, Nemaska, and Galaxy and the 5 company oligopoly has in Chile and Australia. Companies like NLC, LIX and AAL are like picking off the crumbs because their resources are so small.
50,000t of reported "measured" LCE is not enough. It is not viable when you have to build a plant that costs $500,000,000.
50,000t x $5000 profit/t = $250,000,000.
That's a loss of $250,000,000.
This is why you won't see the price to book value go above 3x. A tumble is company and the company will go below 3x.
Right now it is at 3.74x. We are at the upper limit of valuation here. As the company keeps bleeding cash day in and day out, equity depletes causing the price to book to get worse and worse as they pay their high compensation board members.
2022 is a long time to wait for 3Q to go into production. A very long time. Therefore, the company does not deserve a valuation above 3x price to book. Don't say I didn't warn you.
It's all gambling from here on up.
If you dislike the company so much why do you keep posting to it?