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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

Comment by MoneyKon Mar 24, 2024 4:11pm
137 Views
Post# 35949746

RE:RE:RE:My goal is to make: $ 3.25 million on NILI

RE:RE:RE:My goal is to make: $ 3.25 million on NILI

GM was willing to invest at most $650M US for about 20%-25% of the project.  Therefore, value seems to be in the range of $2.6B US to $3.2B US for 100% at FS stage.

Thacker Pass has plenty of lithium also.  At a certain point, bigger does not give you more value.  Only the first 30 years roughly have true economic value today when using a 8% discount rate.  

If we can get half of that, $1.3B US to $1.6B US in the next 12 months, I'd be very happy with that.

I think we have a better project, but nobody will buy NILI for $10B US + need to payback a $2B US loan.  It would take maybe 20 years to start generating any profit on those investments.  Not a very economical model in my opinion.

MoneyK


 

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