For Clayton the Lithium price and sentiment is the impediment at...

For Clayton the Lithium price and sentiment is the impediment at the moment. They are doing the right thing holding that, rather than selling it low. As Lithium recovers so will the value of this.

Indeed the WA projects are the golden goose, but the USA projects are costing next to nothing to hold and don't discount the $ value they add.
> Clayton likely worth 7 figures USD and much more as lithium recovers.
> Kibby water rights also 7 figures USD and project could well be economical for low cost domestic US lithium.
> Lone Star is starting to look interesting again with Copper prices given the NPV discount rate of the project used was 12. This could easily be a $50M USD NPV project within 12 months [15x MQR market cap alone].

Some people are overestimating or exaggerating the cash burn.
> West Spargoville is costing MQR nothing and Yindi very little at this stage [and if MIN do a similar arrangement for Yindi also nothing].
> Pretty much the only cash spent was on Redlings, and drilling in that region of WA is not very costly. Plenty of drill rig operators running there. $4M cash last quarterly.

Do the math. There is an unloved and extremely undervalued stock here.