Hi all,
The sector has all moved which is great news for all lithium stocks.
So are we over valued yet ? My short answer is no.
Tianqi Lithium Mkt Cap is AUD 9.4 billion. 7.2mt (resource) + 4.3 mt (reserve) but they only own 50% (Greenbushes) ~ 5.75 MT attributable to Tianqi Lithium.
Hence EV / Resource is 1,634 so...
How is everyone looking relative to this number
Based on below - using resource value where are the potential gains
**please remember this is a resource comparison - does not take into account income / cash at bank / cash burn / etc / etc - that you should also consider**
1.and have 100% relative upside potential
2.has 300% relative upside potential
2.has 400% relative upside potential - using resource value.
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New drilling and new resources for example will add to resources and make that company's numbers better again.
Best of luck all, I personally think the best is yet to come.
Super Ninja !
DYOR
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Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B |
Open | High | Low | Value | Volume |
$3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 321604 | $3.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.07 | 269930 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 98240 | 3.060 |
13 | 82683 | 3.050 |
13 | 75513 | 3.040 |
10 | 29960 | 3.030 |
20 | 88646 | 3.020 |
Price($) | Vol. | No. |
---|---|---|
3.070 | 400 | 1 |
3.080 | 7280 | 2 |
3.090 | 11600 | 2 |
3.100 | 66993 | 13 |
3.110 | 237299 | 9 |
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