Fellow Shareholders.
This is interesting.
A valuation out of Macquarie yesterday. They stick to their estimate of $2.50/share but then added this:
The spot price was always pooh-poohed by as a fickle mistress and no investment banker worth his salt would pay it much heed. This is why we now have valuations of lithium companies 80% below the spot price and have had for 2 years. Well, this “spot” valuation has less and less the hallmark of a bubble and more that of a late correction to the way the world is preparing to be…. from now on.
Lithium Related Media Articles, page-13106
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