RE:Meanwhile ,back at the ranch...Agreed AuAgLi8, even simple 'back of the envelope' calcs suggest that SP should be higher by 60X. Only thing missing now is continued validation and derisking. IMO the market has not yet seen a commercial
brine project of this scale so has not yet rewarded E3. However this should begin to change during balance of 2022 as E3 delivers on their plan and samples from the field pilot are sent to potential offtake partners. Then the sheer size of their resouce should finally get the attention it deserves
AuAgLi8 wrote: - 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.