At the moment Ivory Coast is a large area (774km) of prospective ground with references to the right sort of stuff. There doesn't seem to be any evidence on which to attribute much value to Ivory Coast as there are no rock chips, drilling information or even pegmatite sizes. It could ultimately be worth heaps or next to nothing. I'd attribute a value of next to nothing currently.
Probably the best gauge of value is how much early stage Australian Junior's go for where they have a good sized land area and are looking for Lithium and are around the stage of magnetic analysis, dirt samples and rock chips. This often isn't much and there are a bunch of lithium explorers in this category at well under $30m market cap, sometimes under $10m.
For example, A8G (which I don't hold) has a market cap of $11m and they had $4.8m cash in the Sept 2022 quarterly. They have a claim licence EL32830 for over 640km in the Barrow Creek area. For anyone following Core (who has circa 2,500sqm in the area), the Barrow Creek area is a bit north of Alice Springs. Tin has been mined from pegmatites there and some of the signatures look good. So far the various operations there have not progressed past rock chips. There is lots of potential but to attribute value needs something tangible.
A11 Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)