The Wuchi deposit (previously held by Namamasa Lithium) reached a $2 billion valuation based on just 50,000 meters of drilling at the top of a prior cycle, which prompted McDonald to investigate lithium as significantly more capital-efficient than gold or copper deposits requiring orders of magnitude more drilling.
causalpending
Speaker
Francis McDonaldEvidence Quote
“the wuchi deposit this was in a company called Nam Masa lithium previously and at at the top of I think it was two cycles ago they hit about a $2 billion valuation and that was all based off of 50,000 meters of drilling that they'd done and this is one of the main reasons that I had started looking at lithium was the amount of drilling that you needed was almost an order of magnitude less to get to an economic feasibility study compared to gold or copper deposits”
Source
100% Price Surge: Will Supply Crunch Of This Critical Asset Trigger Massive Inflation?— David LinCreated: 8/11/2026, 1:29:24 AM
My Notes
Loading notes...