Yes you have missed the Valuations of Leo's peers- You need to refer to the presentation.
Pilbara Minerals MC $8B and in production
Developers /Explorers AVZ Minerals MC $3.5B Liontown Resources MC $3.1B Core Lithium MC $2.3B Sayona Mining MC $2.3B
The other Developers/ Explorers with under $310M MC Global Lithium European Metals Holdings Lepidico Essential Metals European Lithium Infinity Lithium
Note: Market data as at 28 April 2022.
1. Market capitalisation for Leo Lithium is based on the Offer price of A$0.70 per share and total number of shares on issue prior to the Offer and post Firefinch retained stake of 1054.7 million. Any cash proceeds raised under the Pro-rata Offer are expected to increase the pro-forma market capitalisation of Leo Lithium;
FFX Price at posting:
94.5¢ Sentiment: Buy Disclosure: Held