The size and Quality of resource is a significant factor, the native title agreement was also significant. The market have not recognised these because they’re valuing us like minnows.
Clueless people don’t recognise it. But ex kdr holders and those who understand know it. Kdr was valued 30% more than PLS when acquired by WES. PLs was producing. Kdr was 5-6 years away from production. not funded, basically just rocks with spodumene in land more woop woop than Kathleen valley. But the value was more than PLS.
We’re now only 18 months from production, with all the proofs that this is going to happen
-fully funded
-no debt unless we need the ford facility in the future
- offtakes
- construction of staff house now in progress
-mining commenced in less than 6 months
…and I can go on and on
ASX Today, page-22865
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