JKM it can not be overstated what is shown here... for anyone holding powder this is a steal...
Now, if you take the numbers from the 1980’s and the numbers from 2010 they are strikingly similar.
Moreover, if you take the concession sizes they are a small 100 hectares apart is overall size. Here is what you come up with for PPS for LI and potash. I will use the lesser of the numbers for demonstration purposes. I have also rounded down so as to make the numbers as realistic as possible.
500,000 tons of LI - 50% for recovery and processing = 250,000 tons of LI
Current market price per ton $5,000 per ton
250,000 X $5,000 = $1,250,000,000 That is 1.25 BILLION DOLLARS FOLKS.
MMTE’s O/S is at max 7 billion IMO.
1,250,000,000/7,000,000,000 = 0.1785
Calculation fully diluted.
1,250,000,000/15,000,000,000 = 0.0833
Now the potassium.
We can mine and process and SELL the potash/potassium NOW. HUGE!!!!
4,000,000 - 50% for recovery and processing = 2,000,000 tons of potash.
Current market value of potash = $350 per ton
2,000,000 X 350 = $700,000,000
$700,000,000/7,000,000,000 = .1000
Calculation fully diluted.
$700,000,000/15,000,000,000 = .0466
FULLY DILUTED PPS WITH LI AND POTASH COMBINED .0833 + .0466 = .1299
I am not saying this will be the PPS nor am I saying this is the end all be all calculation. I am saying these are the conservative factual numbers for what the one of MMTE’s nearby concessions is worth.
These numbers represent the concession, Maricunga, with 3500 acres. About 12% of MMTE's total concession ownership.
You can do the math to see what is really going on here.
choose wisely.
