Dont worry about the 48c barrier mate.
The offtake at anytime up until 31 March will sort that out. The holder will be kick themselves when we start pushing 60c.
I was having a look at Lithium Americas today.
DFS for Thacker pass was due Mid 2020. Was pushed back to End 2020 and still hasnt been released. It still baffles me that the DFS hasnt been released confirming tonnage and grading of the resource and the process of the flow sheet or chemistry involved in it, yet it has received full EIS permitting.
Market cap of Lithium Americas is 2.7 Billion almost three times INR. I do understand Ganfeng and Li Americas are in JV and they have a seperate project.
INR for a day trader is probably trading at fair value at the moment on a short term outlook.
INR for a long term holder is definitely undervalued when factoring future value.
Dont worry about the 48c barrier mate.The offtake at anytime up...
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13.0¢ |
Change
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Mkt cap ! $303.8M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $32.88K | 246.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 1237155 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 446799 | 43 |
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| INR (ASX) Chart |