I am not convinced current huge valuation gap is mainly attributed to Mali jurisdiction risk.
Here's ASX listed Mali gold producer, RSG share price performance, up from low 18c to today's 52.5c
Okay, it's not lithium company in Mali; then Kodal Minerals, lithium developer in Mali, Leo's neighbour, similar JV with a Chinese company, lower resource grade, with 1/7 resource. Share price still performed very well.
Kodal's Chinese JV partner is paying ~$620/ton LCE resource, current Kodal's market cap is valued their lithium resource at around $1,100/ton LCE. Where currently LLL is valued attributable lithium resource at around $300/ton LCE. Why is LLL's Mali neighbour valued at 2 to 3 times of LLL???
All imo.
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