29m @1.36% Li2O from 38m, page-8

This is absurd. Since the announcement of a significant lithium find, the FBM market cap has increased by about $ 14 million (from $19 million to about $32 million). That is for 80% of the ownership. According to these figures, 20% of LSR should be worth $3.5 million at this time. Most importantly, the real appreciation will start once they start drilling close to the area of that intercept. No one knows the actual value of this find. It could easily be over $200 million. That means $40 million to LSR. It would be crazy to suggest $0.5 million for LSR’s 20%.