27c to 30c increase is very passive and modest....
EUROZ are afraid of having to "defend" their research. surely not!
i am pretty sure in this current resurgent BULL RUN for LITHIUMS everywhere, we can attribute more than 8c SP to our DFS 109MT JORC'd hardrock spodumene lithium deposit! (for a total of $60m)
when the JORC was only 38MT (one third of it today, and at PFS stage only!!), the valuation on our lithium was put at $107m.
By rights... the FFX lithium deposit SHOULD EASILY BE DEFENDABLE at a market cap of $320m+ on like-for-like apples comparison, backed by a solid DFS !!!
... resulting in a FFX SP for the Lithium ALONE of approx 41c ......... (instead of 8c).
THEN, we add the valuation of our GOLD... putting us well ahead of 50c to 60c TODAY.
this thing is primed for a massive re-rate next week fella's!! IMO.
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