So Ganfeng just spent US$137m for 5% extra project share. 137/.65 is A$210m/.05 is A$4.2b for the full project. LLL has 36% or A$1.5b or 2.52x from current.
so no you're not right, on the observed market price of the recent transaction its way undervalued.
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So Ganfeng just spent US$137m for 5% extra project share....
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