European Lithium (EUR.AX) & Its CRML Holding
European Lithium (EUR.AX) reported that its remaining stake in CRML — about 62.5 million shares, valued at ~US $4.54 per share — equates to a valuation of approximately US $284 million (A$436.5 million). This translates to ~A$0.30 per EUR share, just from its CRML investment aloneHotCopper+14*.
In a separate disclosure, European Lithium noted that its CRML holding equates to US $0.218 per EUR share using a sale price of US $3.25 per CRML shareASX Announcements.
Implication: The intrinsic value of European Lithium is significantly underpinned by its CRML investment—considerably higher than EUR.AX’s current market capitalisation.
What This Means for EUR.AX Shareholders
Given the disparity between the implied net asset backing (~A$0.22–0.30 per share from CRML alone) and current market pricing, the share appears undervalued relative to asset value. This presents a compelling case, particularly if the market fully recognises the CRML holding's worth.
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