See my previous post on this ticker for more details.
In short, Grounded Lithium's Kindersley property has an estimated after tax NPV at 8% discount of ~$1B with a lithium hydroxide (carbonate?) price of $25,000 per tonne. Lithium prices have made an extreme move this past month and is selling for at least $22,000 per tonne.
The Kindersley project is partially funded by Denison Mines Corp (DNN) who is making bank on their uranium projects and is financially loaded currently. DNN currently owns 25% of the Kindersley project, or $250M of NPV. This will likely rise to 55% soon, pending further funding.
Grounded Lithium will release their Pre-feasibility Study (PFS) on the project soon, which will likely show an increase in NPV and a decrease in all-in-sustaining costs. There is little to no share dilution for the foreseeable future.
This is a lithium ticker that took a beating the past few years and has never seen a proper bull run. The company is sound, the financials are sound, the project is decent (and not American).
I believe we will see the price run up to and past $0.3 USD, potentially higher, leading up to the PFS. If the PFS is golden, then I think $0.5 USD and higher.
Assume stock market cap reaches 15% of NPV, Grounded Lithium owns 45% interest in Kindersley property, this gives a market cap of $67.5M, with share price of $0.9.
The price has broken above a strong resistance and has held for weeks at this level.
Finally, weekly RSI is on the rise.
In short, Grounded Lithium's Kindersley property has an estimated after tax NPV at 8% discount of ~$1B with a lithium hydroxide (carbonate?) price of $25,000 per tonne. Lithium prices have made an extreme move this past month and is selling for at least $22,000 per tonne.
The Kindersley project is partially funded by Denison Mines Corp (DNN) who is making bank on their uranium projects and is financially loaded currently. DNN currently owns 25% of the Kindersley project, or $250M of NPV. This will likely rise to 55% soon, pending further funding.
Grounded Lithium will release their Pre-feasibility Study (PFS) on the project soon, which will likely show an increase in NPV and a decrease in all-in-sustaining costs. There is little to no share dilution for the foreseeable future.
This is a lithium ticker that took a beating the past few years and has never seen a proper bull run. The company is sound, the financials are sound, the project is decent (and not American).
I believe we will see the price run up to and past $0.3 USD, potentially higher, leading up to the PFS. If the PFS is golden, then I think $0.5 USD and higher.
Assume stock market cap reaches 15% of NPV, Grounded Lithium owns 45% interest in Kindersley property, this gives a market cap of $67.5M, with share price of $0.9.
The price has broken above a strong resistance and has held for weeks at this level.
Finally, weekly RSI is on the rise.
Catatan
Currently seeing markets-wide disruption, but price will recoverCatatan
THANKS OBAMACatatan
I want to see price hold $0.05 USD and not break down further, then I'll expect a rebound once markets have calmed down.Catatan
Static in the airCatatan
Grounded is now a oil/gas producing lithium company at a time when oil/gas will reach extreme prices and lithium demand will surge due to the scramble for EVsCatatan
New financial report just released. The PFS has, ONCE AGAIN, been delayed. Company expects to file over the summer, i.e. June-September. No explanation, no notes, just bullshit. I still think this is a good play, but if the people at Grounded Lithium are reading this, you need to do better.
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