"LKE has not released any serious "fundamental" information to...

"LKE has not released any serious "fundamental" information to support the current SP."

There are a few analysts that would strongly disagree. There is a PFS that shows a NPV of A$2billion and the market cap is just $364mill.

I'd say the company has released enough information that the sp could be $1 and the market cap would still have around a 50% discount to NPV to reflect risk.

I'd say the company has released more than enough information already to see the sp go much higher. Then if we get more info to support expansion plans, the $1 target could be $2 with a 50% discount for risk. Then when the DFS is completed and the market applies less discount for risk, you could see $3. All in good time but more than enough info already for me to expect $1.