Min Resources has a 120 million tonne lithium mine, and will easily surpass $2B mark no problems.
The issue is the relative valuation between Min resources and other competitors.
ie: GXY has a 16 million lithium mine but with market cap at $760M (assuming no value attached to SDV, and James Bay as they are not producing)
Min Resources has a producing 120 million tonne mine, and a few others around... even if we attach $1.8B market cap to the 120 million tonne mine only, it works out to be about $15M per tonne..
Where as GXY, with $760M, it's about $47.5M per tonne.
This is a quick and dirty calculation and so DYOR.. i had somewhere a $ per tonne value slide
Chart, page-79
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