RE:Margin, Rio Tinto Takeover, High Purity Lithium,NominalCostsJust curious what you feel would be acceptable takeover bid and also what you think FL might be worth in 5-10 years if they do manage to progress to production either by themselves or with a minority JV partner. I certainly afgree the current price is way under value.
I have a basis of 87 cents. My target price is $8.70 in 3-5 years. I could see double that once they have production and revenues, especially if there are good prospects for substantial ramping of both.
Infrastructure costs are not that high maybe but the build out for poer and roads involves many diffferent jurisdictions and multiple local communities and political maneuvering, not to mention dealing with intense environmental concerns by all those parties, most of which is being done by the provincial govenment, with some involvement by FL in all these negotiations. Rio Tinto or anyone else can build on their own property but they cannot waltz in and slam down roads and power lines across public and private and especially tribal lands. It all takes time. A huge amount of work has been done already. Power line almost to proprty line is far along. Road improvement is a bit behind that.