African Lithium Rerate

I think we are on the cusp of an african lithium rerate whilst in the consolidation phase. I think this will be caused by the FFX transaction by the end of the month which will put a benchmark for other similar projects (I.e PSC and AVZ). Below is a comparison of the listed Lithium companies, I have tried my best to extrapolate the current cash position which PSC is standing very strong however this does not take into account changes in cash burn (i.e AVZ isn't negative cash right now or they already would have raised). It also doesn't take into account the premium for LTR and FFX other projects or PLL and SYA soon to be NAL acqusition.)



Basically compared to peers on all metrics there is 5-6x upside from here. We will soon see if peers are a good judge once this other african deal is done.







GLTAL