RE:RE:My goal is to make: $ 3.25 million on NILI This is my personal reasoning.
I always do a comparative with LAC as it is the best model to use.
Next I use amounts that unrelated 3rd parties agree to pay for LAC, this is true market value.
(a) GM agreed to invest $ 650 million
(b) USA agreed to loan $ 2.2 billion
That means that to 3rd party eyes, the resource is at least worth $ 2.85 billion, that is the base price.
When we apply that to NILI we arrive at +/- $ 15 per share in comparative value as of today.
I did not even put the extra premium due to our higher grades, possibly higher recovery rate and shallow deposit.
Graham in an interview stated that this resource only represents 30% of the land. The exploration license which will be approved by September 2024 (my guess at best) will expand the drilling land, where I belileve that even higher grades and a bigger deposit will surface.
If we apply the results obtained on 30% land to the whole 100% land, then we arrive at a market value for the resource of $ 50 per share (this includes the other 70% of the land).
That would be the base price of this resource $ 50 per share.
The true value of the resource for 150 years would be $ 200 billion more or less. We already have 50 years worth of resource. We need to triple it with other land.
Good Luck,