The company has EV of only $66m (MC-cash), like being in a third world country with high sovereign risks. The resources of 54mt are valued by the market at just over $1/t.
Maybe the company should stop globetrotting and making fluffy announcements and presentations. As I posted on a number of occasions, the sp has dropped with every announcement, regardless of what the other lithium companies are doing.
Ann: Presentation - RIU Sydney Resources Round-Up, page-3
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