Snow Lake Lithium has only 8.3Mt total resources at 1% Li2O, which by 36% lower than Zone 1 Wolfsberg project.
And this company has only recently completed Maiden JORC MRE and Preliminary Economic Assessment - no PFS, no DFS, no offtake etc. Compared to EUR, Snow Lake is now somewhere in 2017 of EUR chronology. So comparing Snow Lake Lithium with EUR for valuation purposes is not very correct.
EUROPEAN LITHIUM LIMITED, page-4694
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