Lithium 🤩
$LITHIUM CHILE INC(LTMCF.US$ If you look at Lithium Chile’s resource report on Arizaro, you'll see they have an existing resource of 1,420,000 metric tons and that is based just off one well.
Take $750 X 1,420,000 tons X 60% (the ownership stake of Lithium Chile [US: LTMCF] in the project), divided by Lithium Chile's (US: LTMCF) 159,000,000 shares = $4/share!
In fact, the 2nd largest Lithium Producer in China recently became a strategic investor in Lithium Chile! Read this line again! 🤩
That simple investing formula proves that Lithium Chile (US: LTMCF) could easily trade for $4.00 if the Chinese make an offer to management, but the stock is currently quoted at $0.63!
Take $750 X 1,420,000 tons X 60% (the ownership stake of Lithium Chile [US: LTMCF] in the project), divided by Lithium Chile's (US: LTMCF) 159,000,000 shares = $4/share!
In fact, the 2nd largest Lithium Producer in China recently became a strategic investor in Lithium Chile! Read this line again! 🤩
That simple investing formula proves that Lithium Chile (US: LTMCF) could easily trade for $4.00 if the Chinese make an offer to management, but the stock is currently quoted at $0.63!
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71459356 : what do you think are the chances of China getting involved in this project, is there some references you know about?