Allkem General Discussion, page-4176

But that wasn't my point.

Irrespective of that, if we're talking 'fair value', then I would say, based on the current LTHM SP of $28.36 USD, that it would be 28.36 x 1.50 / 2.406 = $17.68 AUD.

I personally think the LTHM tail is wagging the AKE dog, because the NYSE is a much more liquid market and they understand the lithium revolution that is happening now, much better than we do here in Aus.