Ann: Investor Presentation, page-16

Despite being down about 75% (or more) on JRL, now might be a compelling counter-cycle time to average down.
SOI only 73.8M (although up to 25M options with strike prices up to 4.00).
If a buyer offered 100M US for whole project, that would be about $2.00 AUS per share (excluding options). LAC must surely be sorely tempted….and there may be others lurking.
If lithium sentiment shifts, this will take off.
Be greedy when others are fearful?
One thing for sure, current price is a better entry point than the $2.53 I paid for half my holdings (other half in recent CR).
Good luck all.