And it is $200m USD offtake. $25M USD prepayment. We are set.
I would baseline value TAW at $200m USD Enterprise Value. Dependant on our cash position down the track.
TAW and AMAL need to merge for speed to market and commercialisation to pin point strategic decisioning. Synergies. Mark needs to lead the entity. He has a massive reputation worldwide and is a specialist of Liithium.
$400m to $1 billion merged entity by market capitalization depending on drilling upside measured JORC reserve growing.
Thats my numbers for the FA long.
This is a significant commercialisation rerate on business value to TAW if signed.
TAW Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held