Thats pure napkin math on the value of the lithium contained at these SUPER DEPRESSED price levels (not including tin or tantalum) BUT does not factor in any cost of production considerations (or future price movements). Management would have a handle on cost of production given we had a BFS done and dusted.
669 Million Tonnes, which is around 200MT of SC6 at present around 800USD/t with current USD to AUD exchange is about 250B AUD. Obvious over simplification I am not saying AVZ is/is not worth that... just that we should let management do their thing and not be hasty.
The rich prey on shaking the trees to spook the impatient.
I actually thought the ore body was much larger, it is open at the lower end, but not drilled out.
AVZ knows that, Zijin knows that, Rio knows that and Kobold knows that.
I believe the reserves are only the top section which was drilled out and even the drilling program on the top stopped because of all the shit which was happening.
So the 669 million tonnes is only the tip of the iceberg and the low hanging fruit, but the entire resource is much larger.
In my opinion Kobold is attempting to buy a top of the range Rolls Royce, while only trying to pay for a clapped out Trabant.
Just a minor point....
About the Trabant....