I think come the end of 2021 when we're mining the main pit shoulders around 150k oz pa, I'd conservatively value the gold operation at $500m.
The Lithium, I think the likes of LTR, AVZ are over valued, something like CXO I believe is close to fair value at $170m. We'd have to be worth a fair bit more than that - say $300m
So $800m mkt cap or around $1 per share.
Of course any major gold discovery or any genuine interest in Goolamina would push the price way past that.
$1.00+ Target: ASX's latest GOLD producer & Lithium Giant, page-7
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