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Started By
Message
re: Diving deeper on Standard Lithium?
Posted on 5/9/24 at 7:32 am to Fe_Mike
Posted on 5/9/24 at 7:32 am to Fe_Mike
Market has got to recognize the significance of this partnership soon.
Absolute worst case scenario, SLI just got a $160M investment for 45% of the company. That's a $350 mil valuation which should put the share price over $2. So if you're reading this in the most pessimistic way possible, share price should still be 60% higher.
In reality, SLI just got $160M (with $30M cash up front) to fund near term operations and development that is no strings attached. No repayment, no interest, no nothing. It's a good faith down payment. Equinor will fund 45% of the capex for SWA Ark ($600M) and 45% of the capex for East TX (who knows, probably represents north of $1B extremely conservatively).
That basically represents a back of the napkin $2B investment for 45% of the company assuming success, or a valuation of 4.4 billion. $25/share.
Now that obviously needs to be discounted and the real number is somewhere between; but this is no-joke, real deal news, in my opinion. Totally non-biased view of course.
Absolute worst case scenario, SLI just got a $160M investment for 45% of the company. That's a $350 mil valuation which should put the share price over $2. So if you're reading this in the most pessimistic way possible, share price should still be 60% higher.
In reality, SLI just got $160M (with $30M cash up front) to fund near term operations and development that is no strings attached. No repayment, no interest, no nothing. It's a good faith down payment. Equinor will fund 45% of the capex for SWA Ark ($600M) and 45% of the capex for East TX (who knows, probably represents north of $1B extremely conservatively).
That basically represents a back of the napkin $2B investment for 45% of the company assuming success, or a valuation of 4.4 billion. $25/share.
Now that obviously needs to be discounted and the real number is somewhere between; but this is no-joke, real deal news, in my opinion. Totally non-biased view of course.
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