Check this out, talk about incorrect facts, this is just ridiculous.
https://www.businessnews.com.au/art...old-2nd-largest-Lithium-resource-in-the-world
They say NMT will go from 60mt to 90mt making it the second largest behind Greenbushes. Apparently we are sitting at 80mt?! Completely incorrect, would love for someone to contact the company asking where they got these facts from!
Price target for NMT a massive jump to 59c, this put MC at $320m using back of the envelope. As we know on an EV/resource basis they are already going at a hefty premium so I don't quite understand this. Lets say their resource was the same as ours which its not (inferior costs, product premiums and resource size) considering they only own 13.8% this puts us at over $2b valuation. Once again we cant compare the two resources as they are closer to production yet we have superior margins, a larger resource, technical grade etc but in all seriousness how do they come up with this value for NMT and have our target where it is....
Interested in comments regarding this, cheers
NMT second largest hard rock resource?!
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