Speaking of LIT, they currently have a MC of $124 million!!SQE...

Speaking of LIT, they currently have a MC of $124 million!!

SQE (and many others) knows LIT inside & out & knows a lot about batteries, just read those threads yourself. LIT might currently have a lot of difficulties IMO & I spent almost 5 years there loosing a little money myself. Recycling batteries here is tough, there are much greener pastures in Europe with multiple Gigafactories already built & under construction. Nothing here in Australia.

HNR has a MC of $80 million.

How do you value a business? Look at their peers. Look at the MC of all the other ASX small cap lithium companies. Have a look at what they do.

Measure & calculate current/future growth, revenue, business plan etc.

Have a look at the quality & the financial backing of current HNR shareholder's, it's links with many other companies who currently operate in the same industry, the location of where they want to operate & a history of dealing with many strategic, high quality partners. Plus, I would say a skilled & experienced management team, with vision & a proven track record.

This is what HNR has to offer!

IMO, we should be trading higher. Fair value for me would be the 4 to 6 cent range, just my thoughts.