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Surge Battery Metals Inc. V.NILI

Alternate Symbol(s):  NILIF

Surge Battery Metals Inc. is a Canadian-based company. The Company’s Nevada North Lithium Project flagship property is dedicated to exploring clean high-grade lithium energy metals in Nevada USA - essential for powering tomorrow's electric vehicles. The Company’s management team boasts a strong track record of delivering significant shareholder value. The Company is led by a board and management team with seasoned lithium experts, who previously played pivotal roles in the successful Millennial Lithium venture (sold to Lithium Americas for US$491 million).


TSXV:NILI - Post by User

Post by amxjavelinon Sep 25, 2023 5:46pm
233 Views
Post# 35653379

Lithium Is Hot i think & Assays pending wowsa

Lithium Is Hot i think & Assays pending wowsa
Great post Thanks LiqourNGuessing:

Post by LiquorNGuessingon Sep 23, 2023 6:41pm
315 Views 
Post# 35650902

Potential Size and valuation

Hello all, I was updating some calcs based on the latest presentation and the comments on the sonic drill assay.

using EV insuit for resource of $90 (similar to ioneer) and 288 current footprint x 8.5 increased x 25% (was 28% in assay) projected increase in grade due to more accurate SD vs RC drills used in 2022, I get 5.3 MT x 8.5 x 25% x 90 a valuation of 4.9 bn or $25 CAD per share fully diluted and using 200 EV value get $56 CAD per share fully diluted. Note that in addition to the assays and footprint estimate - I noted the tTEM indicates depth to ~1200 feet. given the footprint appears to be 8.5x the 2022 estimate - does this not mean that the depth would potentially add a factor of at leat 1.5 overall (hole 7 has excellent grades and was the deepest hole drilled to only 510 feet and appears to end in mineralization - also there is potential for very high grade results down to 480m or 1575 feet. what is you all thoughts on the above as this would move potential from 5.3 MT as per the Sprott paper and the # used in the presentation to potentially 60 to 80 MT which at 90 and 200 EV = 38 and 84 CAD a share fully diluted? Thoughts?

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