With LCE at $ 10,700/ton (NILI profit: $ 245 million yearly)There is an interesting analysis done on ceo.ca calculating PROFIT for NILI.
The poster assumes that NILI only mine 3 million tons at a 75% recovery rate with 4,500ppm (which gives 37.5 years for the mine life).
Poster assumes lithium prices to remain at $ 10,700 per ton.
Poster calculated yearly PROFIT of $ 245 million or
+/- $1.50 per share.
If the lithium prices recover to $ 24,000 price then PROFITS will be $ 550 million per year or, abougt $ 3.50 per year.
Poster has not included the other 8 million tons of high grade lithium nor the fact that these additional tons bring the mine life to 137 years.
There is a reason why we are in a BLACKOUT PERIOD and why Evolution Mining asked NILI to push out PEA to Q1-2025. In this way they can do their due diligence calming without having to compete with 10 sharks.
This is a RESPECTFUL MANAGEMENT.
Good Luck,