Found an interesting article from * from a few momnths...

Found an interesting article from * from a few momnths ago:

"Analysts at Euroz Hartleys recently captured that in their guide to the market’s current rule-of-thumb in arriving at company valuations for early stage discoveries and beyond.

It went like this:

Every 10 million tonnes of potential spodumene resource creates $80-$100 million of exploration value.

Every 10Mt of resource that has a clear pathway to production creates $150-$300m of speculative development value.

And finally, when in production, every 10Mt of mining inventory is valued at about $1.2 billion (at spot prices).

So in essence, even a “small’’ discovery of a 10Mt resource (our big lithium deposits are 150Mt or more) is a serious value creating event."