At a similar stage CXO were valued at around $30M but it's hard to compare things like that because, for one thing, the spodumene price is much higher now, and also uptake of EVs and thus demand for product is much closer now. We can make fair comparisons with other explorers both here and in Canada, though, once drilling results are in. If by this time next year we have similar results to PMET on the board then it's fair to assume our MC could match theirs. What is PMET's MC now - about C$500M? Just have to hope for the best.
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