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    Valuation range of A$0.44–0.93 per share

    We value PSC at A$0.44 per share base case and A$0.93 per share optimistic case using a DCF approach with conservative assumptions on lithium prices and cost of capital. Currently, investors appear to be cautious on PSC’s liquidity and country risk, but we expect the situation to reverse once the project funding is in place.

    Prospect+Resources+initiating+research+report+05+11+2019.pdf
 
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