I am not convinced current huge valuation gap is mainly attributed to Mali jurisdiction risk.
Here's ASX listed Mali gold producer, RSG share price performance, up from low 18c to today's 52.5c
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Okay, it's not lithium company in Mali; then Kodal Minerals, lithium developer in Mali, Leo's neighbour, similar JV with a Chinese company, lower resource grade, with 1/7 resource. Share price still performed very well.
Kodal's Chinese JV partner is paying ~$620/ton LCE resource, current Kodal's market cap is valued their lithium resource at around $1,100/ton LCE. Where currently LLL is valued attributable lithium resource at around $300/ton LCE. Why is LLL's Mali neighbour valued at 2 to 3 times of LLL???
All imo.
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