Price action looking good.
For those that have not seen this.
Interesting report. Worth a read.
Valuation of 29cLake looks incredibly undervalued
Orion CapitalTrading at less than 2% of the Kachi post-tax NPV8, Lake Resources lookscheap both in absolute terms and relative to peersØ
Valuing the Kachi project in line with peers, and the company’s other projects atA$25m,
suggests a valuation of A$0.29 (29 cents) per share
Ø There is huge upside potential to this valuation from further developments at kachi from developing other projects, and from a recovery in the lithium market.
https://lakeresources.com.au/wp-content/uploads/2020/05/lake_resources_2020_05_26_orior-capital_v1.pdf
