RE:Helpyanmontreal wrote: Hi,
can someone explain to me what is the point to invest in Nemaska, if all of there future lithium
is already sold to lg chem? How the stocks price could go higher then?
Hmm, maybe you should read the DFS and figure out what a fair SP would be for NMX.
According to my (simple) spreadsheet calculations I get the following:
- End of 2019 when producing 6% spodumene: Fair SP to be $2
- End of 2020 when producing LiOH and LiCO3: Fair SP to be $4
And these figures are based on relatively conservative lithium prices.
So if you buy now you have a very good chance of doubling your money within the next 18 months.
Why it is trading well below this level, and even well below the recent $1 financing level completely beats me. But since I like the prospect of making 100% within 18 months I am buying these shares and do not care about what the market thinks!