“it doesn't matter where spod prices are now - offtake agreements mean you obtain the pricing at the time of the sale/delivery of spod (which will likely be very different in 2026 compared to today).”
That comment is quite correct.
I have not looked at A11 before but my brief review suggests that LRS looks better value since it has double the resource at a higher grade and maybe about triple the resource in 6 months, better IRR and NPV at 8% DR and should not suffer the African discount (which could be around 50%).
I am sure I have missed something. Not sure if you agree with my views.
LRS General Discussion, page-16607
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.0¢ | $1.133M | 6.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 651409 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 900129 | 17 |
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