IRIS General Discussion, page-358

No having a dig at @letsee or @MoonRocket, if anything I hope you legends are correct. Where is the minimum $2billion figure coming from pre-production?
From memory LTR had a market cap of about AUD 2.5 billion before production, resource of about 156 Mt at 1.4% Li2O.

IR1 has a lithium resource of about 42 Mt at 1.3% Li2O. This is about 27% of the resource size of Liontown. If we were to speculate based purely on resource size, and assuming all other factors (such as lithium price, cost of production, company management, etc.) are equal, we might expect Iris Metals Limited to reach a market cap of about 27% of Liontown's pre-production market cap, which would be around AUD 675 million. Given one of their performance right is 500m MC before June 2024 for 20 consecutive days, wouldn't ~700 million be a more realistic figure? Correct me if I am wrong here, happy to be wrong but that was my assumptions.