LTR 0.60% 84.0¢ liontown resources limited

Lithium Related Media Articles, page-20633

  1. 34,340 Posts.
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    I believe Gina or someone else is likely to make a move after 11 February 2024 (four months rule expires).
    It's important to note, that Gina made a joint bid for AZS (60% of Andover project) for $1.7 billion after the lithium price has been smashed over 80% (Chinese lithium futures price hit CNY 85,650/ton on 6 December 2023. Gina made the joint bid on 19 December 2023).

    Currently market cap $2.3B (cash $515m, debt $300m, construction completion over 72%), including spending $1B to develop and build the mine)

    Current LTR cash reserve is sufficient to complete the construction, valuation to construction completion is $2.6B; 100% of the Andover project is valued at $2.8B before construction, adds $1B capex, valuation to construction completion is $3.8B;
    LTR $2.6B Vs Andover $3.8B.
    More advanced, few years ahead, but less advanced project is valued at 46% higher than LTR's.
    I think she/her team will do the math, it's obviously undervalued.

    ALL IMO.
 
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