Normally I would agree with you. In this case, given the massive potential of LKE's mines and environmentally friendly extraction method, the current valuation of 2.5B is not that high. Yes, it's pre production, and it is DLE however we've seen examples of Lilac DLE plants producing as specified, so the derisk has started. As further derisking occurs we'll see LKE hit 10B Mcap IMO as a final price at production stage.
Normally I would agree with you. In this case, given the massive...
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