that’s all fine. But the big picture point here is that the mcap gap btw LTR and PLS is unjustified and will close.
Normalise by your nameplate, deduct the excess PLS cash balance they have on hand over LTR and their stake in the hydroxide venture.
You end up with more than a x2 on LTR’s current share price.
that does not even account for the better profitably of LTR compared to PLS, which the underground mine allows. This has been discussed at length in previous posts so I won’t repeat it.
no matter how you buy and dice it: even at the current state of the lithium market LTR is undervalued by at least factor two. If conditions do improve, we are talking about factor 3-10 easily, depending on how big the lithium undersupply problem will be in 2026-30.
LTR Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
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