BUYOUT - $ 5 per share and up per Graham HarrisGraham Harris has drawn the line on the sand, NILI is worth at least $5 per share, he said.
NILI has made it clear that they do not intend to bring Nevada to production themselves.
What NILI is doing, is building up a proper reserve for a MAJOR to buy them out and, it will not be done at less than $ 5 per share so 1000% return from here.
Some fast calculations:
Retail value of 5 million tons of lithium: $ 67 billion (sales value)
Assuming we sell at 1% of retail value, which is low end, then we arrive at $ 670 million USD which is about $ 900 million Canadian or, close to $ 5 per share.
I use the 1% because when you own an asset and give it to someone else to use, they will pay you a royalty. Royalites go from 3% to 5%. I decided to use 1%, very low end and I arrive at $ 5 per share.
Good Luck,