maybe someone can check my math but...
- if the MRE is 57mt @ 1.25% (current modelled estimate, i.e. just needs infill drilling) that's 712kt Li2O = 1.76mt LCE
- if the EV is 500m aud after the MRE, that's 702 aud /t Li2O = 283 aud /t LCE (or 185 usd /t LCE)
- that'd put WR1 to the left (better value) of the AZS grey dot (if they have 170mt)
- if the EV is 750m aud after the MRE, that's 1053 aud /t Li2O = 425 aud /t LCE (or 276 usd /t LCE)
- that'd put WR1 a bit closer to AZS (if they have 170mt) but still to the left
I see analyst reports out there which do valuations based on 500 usd /t LCE. We don't need to get anywhere near that for a significant re-rate.
WR1 General Discussion, page-17132
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