OTCQX:NTTHF - Post by User
Post by
tiger2201on Sep 15, 2021 9:55pm
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Post# 33866860
Sibanye Stillwater buys half of ioneer's Nevada lithium
Sibanye Stillwater buys half of ioneer's Nevada lithium
Sibanye Stillwater buys half of ioneer's Nevada lithium project in $490 million deal
https://financialpost.com/pmn/business-pmn/sibanye-stillwater-buys-half-of-ioneers-nevada-lithium-project-in-490-million-deal-2
https://www.ioneer.com/rhyolite-ridge/dfs-summary
Very interesting deal. Quick read Ioneer's DFS summary, the full NAV is $1,265 millions, and they are planning production at the end of 2024. With 3.5 years to FULL NAV at 8% discount, basically Sibanye paid FULL NAV.
tiger