My opinion is that the value of EUR 20% stake in the Austrian satellite project of EVR is A$ 7.2mln. If we assume that the satellite project will mirror the Wolfsberg project with 12.9mt resources and apply multiples of spodumene peers (GT1, WR1) on the same stage, currently 2.8 MCap/Mt resources, we will get A$ 36m total project value and A$ 7.2m 20% of EUR share. This is just quick and dirty calculation, I don't pretend any accuracy. If I'm not mistaken, EUR bought this 20% for A$ 0.5mln, so the deal appeared to be very good.
