Meanwhile ,back at the ranch...- Unlike Goldman Sachs recent predictions the price of lithium carbonate in China has risen to over $76,000. U.S. in the spot market over the last couple weeks taking small but steady increases .
This reflects the continuing long term strain on supply that the Gurus in the lithium space preach about. Supply will unable to keep up with demand for anywhere from 3 to 7 years all things being equal.
I believe the price on renewing long term supply contracts will be in excess of $25,000. per tonne.This bodes well for ETL and its financials for the upcoming P.F.S.. E3's P.E.A. was based on a selling price of $14,079. per tonne lithium carbonate.
The new math works well with E3's original P.E.A.,can You imagine what is does with a resource that has over tripled in size to the largest resource of lithium in the world that is documented at this time and at a lithium carbonate selling price at least 50% higher. The original P.E.A. valued E3 at $1.1 billion U.S..
All this for the mere price of $143,000,000. Canadian as of August 16/2022.
-Draw Your Own conclusions.