楼主语重心长，引人深思读了之后想到以下 　 1. 直接估值 详细计算例子（http://lithiumamericas.com/companies/cauchari-olaroz/）： Stage 1 DFS Lithium Carbonate Price $12,000/t Li2CO3 Average Annual Production 25,000 tpa Li2CO3 Expected Project Life 40 years Project capital costs $425 million Operating costs $2,495/t Li2CO3 Average annual EBITDA $233 million Pre-tax NPV 10% discount $1,266 million After-tax NPV 10% discount $803 million Pre-tax IRR 34.0% After-tax IRR 28.4% Payback period 3 years, 5 months 　 2. 间接估值 https://seekingalpha.com/article/4034589-top-12-lithium-miners-create-lithium-etf?page=2 Pilbara Minerals AU$0.535 Near term producer (~late 2017) 507m Nemaska Lithium CA$1.28 Near term producer (~2018/2019) 315m Lithium Americas CA$0.79 Near term producer (~2019) 179m Altura Mining AU$0.135 Near term producer (~late 2017) 125m Lithium X CA$2.30 Near term producer (~2019) 116m Critical Elements CA$0.485 Near term producer (~201 (more...)