Borate and lithium offset developer in West California desert right on rail road electricity water supply
185 m SOI fully diluted
57m EV
$7.5m Cash
Boric acid study aim for 25 year mine life
Target US $150m pa EBITDA
Pre producer capex A$122m
Profit Margins likely 80-100% plus sulphate of potash SOP and lithium credits
Already US $50m spent on project
Test plant under construction
RIO recently cut boric acid production by 30%
Chart shows poss wedge forming on declining volume with a play out target 46c and in future way higher if Projected profits are realised for such a low EV
