RE:Selling priceOne thing is clear, Graham Harris has no intention to operate a mine. He builds the infrastructure to a point where it becomes saleable.
In the case of NILI, he has hit the JACKPOT. I do not think he could have imagined that in a short period of 2 years, he would be sitting on probably the biggest deposit of lithium on the planet including the highest economic grade.
A sale price is not that difficult to estimate and it is where I see myself selling too. You want the maximum juice possible.
So what is this price?
In the lithium industry, companies with lithium in the ground (without a mine) are bought out between $ 100 per ton LCE and $150 per ton LCE. Given that NILI is a CINDERALLA with many wealthy would be spouses wanting to marry, I think we can get $150 per ton LCE.
Question is: How many tons of LCE does NILI have?
MRE: 11.24 million tons of LCE
We have to account for Evolution Mining part so the real part belonging to NILI would be:
MRE: 11.24 million tons of LCE
Less: 2.59 million tons of LCE on private lands
Plus: .65 million tons of LCE on private lands to NILI (25%)
Total: 9.30 million tons of LCE to NILI alone
Recovery rate: 75%
MRE in place for NILI (recoverable): 6.97 millionts tons of LCE
VALUATION ON BUYOUT
6.972 million tons LCE * $150 USD ton/LCE = $1.05 billion USD
Converted to Cdn at 1.36: $ 1.42 billion
I had initially stated $ 1.6 billion, so close enough. If we include Evolution Mining, then at lease $ 2 billion.
That is the value of NILI. Once we hit those numbers I sell and wish the buyer well. The buyer will of course make 10x on the purchase price but over many years.
Good Luck,