The SP will eventually catch up with our fundamentals (and...

The SP will eventually catch up with our fundamentals (and overvalued peers will correct too).

The companies with big war chests and institutional support (CXO, FFX, LTR, NMT, VUL, etc.) will thrive going forwards while the ones that need massive amounts of funding to get off the ground are going to struggle, especially if inflation continues to be of concern. Not to mention we have a JV and full offtake with Ganfeng, the dominant player in the lithium industry. Not all of the ASX lithium plays will survive until production but we will be one of them.

Our real combined value will be realised post demerger. I'd say the NMT and HNR split (both solid plays), is a good reference for what we can expect once LLL is unlocked.