Onward and Upward
Ok lets see what production figures may look like IMHO.
I understand that modeling is.. just what it is.. MODELING
So here goes my worksheet Model at the present time.
Working 24 hrs per day , 350 days per year , and at a rate of 500 tonnes per hour would give us an extraction rate of 4,200,000 tonnes per year, at a rate of 900 ppm. for a total of 3780 tonnes yearly of Li potential.
Now add in the 80 percent recovery and we have around 3024 tonnes Li.. or approx 15,725 tonnes of LCE that is selling according to some today at approx $ US 16.000 per metric tonne of LCE
So now I look at the model and see 15,725 tonnes of LCE @ $16,000 equates to $251,600.000 US dollars per year or approx forecast of CDN $ 314,000.000 per year
So back I go to my 314 million cdn dollar yearly forecast and divide it by my 4.2 million tonnes per year and I see a potential of just shy of $75.00 CDN per tonne of Clayton Valley Mudstone.
And those figures are yearly.. yes yearly..
So can we now perhaps even think of compiling what this is worth to the shareholders here with approximately 79,100,000 shares out.... fully diluted.
$ 314,000,000 divided by 79,100.000 is equal to $ 3.96963 cdn per share.
oh hell. lets 4 bucks a share. .
And remember that just one year.. and how many years could this be mined totally at this rate. LONG FRIGGIN TIME FOLKS IMHO
Hopefully you can see now , just how really big this deposit is.