Disagree.Likely sold down by the bidder to pitch their offer at...

Disagree.

Likely sold down by the bidder to pitch their offer at a premium. I recon that's happening to GL1 right now...

Market also had no expectation of upside because they have a negative view of management's capability and desire to do more than sell.

There has been no upside in announcements in recent history - ESS has just parked its arse on a resource some years ago and waited.

Our travel to 70+c was all on lithium sentiment, not on company performance.

The next steps all involve risk. This is the downside before more upside from production. The risks in relative terms seem modest.

And the bottom line is that whatever this is worth to ESS shareholders, it's worth more to MIN and a few others.

So if you discard the influence and value of ESS management, which any bidder would certainly do, what is the certainty of what is in the ground worth?

So 100% under priced at 30c and at 50c. Its probably below $1 though but I cannot gauge its worth for others specifically.

MIN has also the ambition to own all the rock, so don't discount a play based on increasing its power in the market alone.

Assuming its not too busy with its seemingly large M&A agenda.