You are quite simply not comparing apples with apples.
The bottom line is, it is the same asset.
Regardless of how it is packaged up in a new vehicle and all the spin. its the same asset.
It doesn't increase the size of the mine, it doesn't increase the amount of lithium in the mine, it doesn't automatically guarantee offtake agreements.
The whole deal is based on a NPV, and the Sizzle shareholders/investors are being presented with owning 20% of the asset for $158 million dollars. If they don't want to pay, they can walk.
The market is telling you today that the asset based on MC is worth $113 million.
You are quite simply not comparing apples with apples.The bottom...
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Change
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Mkt cap ! $67.11M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 7 | 536320 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| Last trade - 15.39pm 16/05/2024 (20 minute delay) ? |
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Change
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| Last updated 15.59pm 16/05/2024 ? | |||||
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