Surge Battery Metals Inc. V.NILI

Alternate Symbol(s): NILIF

Metals & Mining Industrial Metals & Minerals

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

Surge Battery Metals Inc. > Earnings $ 4.18/share - Target price: $ 41.80/share

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Comment by sorrensonon Jan 17, 2024 3:09pm

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Post# 35831963

RE:Earnings $ 4.18/share - Target price: $ 41.80/share

Wow you know the "pending " MRE So you are either an insider breaking the law
or

deepoil0808 wrote: FACTS:

LCE: 5,000,000 metric tons (per pending MRE)
Sale price $ 13,500 per metric ton
Cost price 4,000 per metric ton
Life 40 years

1st year of operation:

Sale ( 125,000 tons of LCE) at $ 13,500 nbsp; 1,687,500.000
Cost ( 125,000 tons of LCE) at 4,000 500,000,000
Gross profit: 1,187,500,000

Less payment of interest and debt*** 200,000,000
Less cost of operations 150,000,000

Net profit: nbsp; 837,500,000

Earnings per share (200 million shares) $ 4.18/sh

Trading at 10x earnings, fair market price $ 41.80/sh

** Assuming $ 1 billion debt like LAC to get project constructed.

Good Luck,