Canaccord put $1.15/share price target for LKE (factored in their future expansion plan), LKE reached $1.185 or 103% of the targeted price.
Canaccord put $2.60/share price target for GLN (factored in 23.5Ktpa for HMW), currently $1.60, or 62% of the targeted price.
If accounted for future expansion for GLN, including Candelas project GLN could have up to 40,000 tons LCE per year. Where LKE accounted for all their future expansion, could have up to 38,250 tone LCE per year (55,000 tpa x 75% ownership if Lilac DLE is proved successfully).
Basically, GLN could have a similar or higher future production capacity with lower execution risk, but LKE is currently valued at 3 times of GLN.
Market cap:
- LKE: at $1.16/share, market cap: $1.388 billion;
- GLN: at 1.60/share, market cap: $0.463 billion.
All imo, DYOR.
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