Post by
truestar2 on Apr 13, 2018 9:42am
Lowest Cost Lithium Producer
Desert Lion is quite likely the World's Lowest Cost Lithium Producer. The average cost of Labour is 1/5th of Canada or Australia, 1/3rd of Argentina or Chile and 1/2 of China. To build the Flotation processor in Namibia it is 7MM vs 56MM in Canada or Australia. Take a look at Nemaska which may have the same tonnage as Desert Lion. Market Cap 550MM and 800MM to build the full processing plant, whereas Desert Lion when ready, if not taken out will build for 200MM. The World's Lowest Cost Lithium producer will make money this year. Market Cap is way undervalued at 60MM
Comment by
Red_Deer on Apr 13, 2018 12:14pm
You have put out some compelling numbers for sure__BUT the Market Cap is WHAT the Market Cap IS__as determined by Mr Market of course. Hate to bring it up__but VERY likely the Valuations given to Desert Lion going forward may suffer from the same dreaded Forbes&Manhattan lead weights which predictably seem to result in Chronic undervaluation of their Market Caps eh?
Comment by
Red_Deer on Apr 13, 2018 10:42pm
For what its worth I can assure you that I have NEVER shorted anything in all the decades I have been investing__and I most certainly will NOT be taking up such a bad habit at this late stage in my game!!!!