Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:Now about 860 million shares plus liabilities

[springinhetveld]

I did not say it is simple. I said is it a "simple calculation" under certain assumptions.

But the assumptions are not very hard either but one has to do some digging and comparing to other companies to get some reasonable numbers. I believe my assumptions are quite well in line with how today e.g. PLS, AJM and KDR are valued on the Australian stock market. And this is based on the prices GXY and TAW are getting for their 6% spodumene. The costs are a bit of a guess of course as NMX never disclosed the cost for just mining the spodumene (or at least I did not write it down in my lithium archive). But GXY, PLS, AJM, and KDR and even BGS all have costs around this 330$ level. So I think it is a pretty OK assumption.

But yeah, the calculation is simple. The number much less so! But still I think $2 when nearing production next year is very likely IMHO. Especially since the 6% spodumene is already sold to Hanwa! So no uncertainty about selling it which makes this even more comparable with PLS and AJM.