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Tantalex Lithium Resources Corporation C.TTX

Alternate Symbol(s):  TTLXF

Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on operating its TiTan tin and tantalum concentrate plant and developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; The Manono Lithium Tailings Project and the Pegmatite Corridor Exploration Program. The Manono Tailings project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum. The Pegmatite Corridor Exploration project is located southwest of Dathcom Mining with 269 million tons of measured and indicated resources, for which the pegmatite extends throughout its licenses 12447 and 12448.


CSE:TTX - Post by User

Post by stkinvestor75on Feb 19, 2021 4:36am
346 Views
Post# 32606929

future potantial of TTX: 1$ to 1.50$ based on my model

future potantial of TTX: 1$ to 1.50$ based on my modelTought I would put some sense on future pricing since I see some post giving figures which make absolutely no sense

Readusted my DCF model,

Spod Conc (6%) ton FOB opex cost = 308$USD
Spod Conc Ton price = 650USD (in 2-3 years)
Qty of ore = 40Mtones
CAPEX =50 M$USD (this part is a big assumption)
Life of Mine =20 years, 2mtpa for LOM
number of shares outstanding after financing = 750M
Lithium ore % = 1%
TTX% of asset  = 65% 
corporate tax rate = 30%
PE ratio = 20 (while average is 35, which adds a discount since in RDC as we need to consider risk)

I arrive with a price per share of 1.80$ 

So no, won't be 5$ in a few weeks.



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