DLI (its Mt Ida Li mine has a JORC of 12.7m @1.2%) currently has a MC of $468m. DLI's Yinnethurra Li mine, no JORC yet, also seems very promising. Idemitsu bought into DLI (owns 15% now-offtakes) for $46m. Cash outstanding now $52m? Producing DSO by December 2023, so more advanced than ESS.
Has DLI (formerly RDT) disposed of its gold tenements?
ESS (its Pioneer Dome JORC 11.2mt, @ 1.16 %), MC currently 135m. Cash currently < $5m? Minority interests in other ASX gold explorers.
Why is DLI MC so superior to ESS?
Is DLI a fair comparison, re value comparisons?
Ann: DVP: DVP & ESS Transformational Transaction, page-128
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