IONR - ioneer: One Step Closer To Construction
2024-05-02 11:10:40 ET
Summary
- ioneer Ltd. owns the low-cost Rhyolite Ridge Lithium-Boron Project in Nevada, which is expected to have industry-leading economics.
- ioneer recently achieved a major permitting milestone with the BLM issuing a Draft EIS for Rhyolite Ridge.
- Even with the recent stock rally and equity raise, I still see 100%+ upside to the shares assuming a long-term $20,000 / ton lithium carbonate price.
A few months ago, I reviewed ioneer Ltd ( IONR ), an ASX-listed lithium developer with the Rhyolite Ridge Lithium-Boron Project in Nevada. I assessed that IONR is a high-risk / high-reward opportunity with potential 'multi-bagger' returns, as the company is essentially a call option on the price of lithium....
ioneer: One Step Closer To Construction