Am I missing something?
No the basics are there but basing anything on today's prices and today's exchange rate is always a risky assumption and of course could go either way.
We still have a MC of $2.14b , have yet to produce any concentrate and combined with a relatively small resource is a hefty valuation basedon the immediate situation but on potential earnings it looks very good value indeed IMO...as next year plays out with increased resources and production ramping up then its true potential will start to get revealed, but based on Lithium prices nearer the time, not what might be.
For me we got ahead of ourselves at $1.87 and were getting priced to perfection , we are now getting towards the other extreme, but more importantly with no debt, adequate cash , about to start commissioning with large margins then the company is in good financial shape and that's really important, the shareprice will look after itself with the usual bouts of indigestion and over enthusiasm..somewhere out there is true value but I'm not sure anyone knows what that is..
Now that Lithium prices have more or less stabilized after a huge run its not unexpected the shareprices will be more sensitive to price movements going forward .
Cheers Whisky
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