E3 Lithium Ltd V.ETL

A long and staying long but we need a partner

[Jethro980]

While I am long because of the 16 million tons we need an announcemt of a partner / offtakes.  All other news one hears for example on Thursday will be kinda irrelivant.   This said I am long because I'm certain those relevant news of the partners will soon enough be announced.   I'm hoping for Exxon Mobil but anyone with the cash and long term strategies I'll be glad to hear.  Then this will blast off way above the high of 5.40

[MrInvest]

It's going to depend on the capital cost, the capital structure of that capital raise, and the rate of processing and OPEX costs. I think the $600M is low, the timing is off.  If they were to raise capital today using dilution, the dilution will kill the future shareprice. Let's hope they raise debt rather then equity.  Lots in the air at the moment and that is part of the reason

[Jethro980]

True but even with the current low price of lithium at 16k per ton (the reason for the lower stock prices of all lithium companies even Abermarle) E3's planned 20000 tons per year will generate 320 million per year value.   And most expect prices to rebound after next year.  

[MrPeters]

your touching on something I have been scared of now for awhile  holding my breath waiting for a deep pocketed Partner to be announced. E3 has such a small float I'm always scared Capital is going to be raised through the dreaded Dilution. Other then Operating costs, that is all Chris has the money for and that can be short lived if this spends too years more in limbo. Gl

[Loughatorick]

The PEA was based on lithium price of $ 14,000 per tonne. Standard Lithium and Lake recently issued DFS using $ 30,00 per tonne over the life of the project. I could go on....the lowest sales value in recently issued PEA, PFS and DFS ranges from $ 20,000 to $ 30,000 per tonne. In other words, the industry expects big increases in lithium prices over the next 25 to 40 years. Lets say E3 uses

[PuerSimia]

Excellent points. Also, we should realize that offtake agreements are being priced much higher than the current spot price. Nobody is selling their entire production at spot prices. Spot prices are great for following the trend, but just like other commodities, they are in the basement in down cycles, and overly extended in up cycles.

[UNKLAL]

Hey buddy the all time high was $5.73, n this stock should be trading @ $25.00+ in my opinion!!! UNKLAL