INR 1.43% 35.5¢ ioneer ltd

Ann: December 2019 Quarterly Activities Report, page-15

  1. 8,585 Posts.
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    Hi @Kevo88

    Probably poorly expressed by me. It's more of a comparative value as opposed to an actual value (like in homes and cars). Has its usefulness IMO

    Using that as "what a market participant is paying" for LCE ktpa ... sort of like the flowing $/BOE in the O&G game ... same issue ... BOE's are not equal across projects, production location has premium/discount associated with it.

    Simple objective is it demonstrates what the market participant (Ganfeng) believes something (1 ktpa of LCE in Argentina) is worth at present (i.e. today's ASP and state of the project ... what's been spent, success case etc).

    So for INR, no value to clay stockpile or anything else ... just the RR project in the DFS (at 30,000 LCE pa ?) ... everything else is potential but unknown value.

    One of the biggest issues of Argentina is the capital/currency controls applied by the Gov't - i.e. they limit the amount of foreign currency you can buy or sell and how/when you can repatriate profits - which were reintroduced last year. Plus the export tax. All things to consider when "discounting" the price Ganfeng paid .... ergo what price for LCE ini NV (obviously > $16M ktpa LCE)

    Anyway I just put it out there for discussion as we wait on the final DFS etc.
 
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