Yeah but remember its all relative. LRS value AFTER maiden jorc...

Yeah but remember its all relative.

LRS value AFTER maiden jorc of 204MT was stable around 4c. So thats like 70m marketcap BUT this was when the market was better and ADN was like 20c.. So about 600m marketcap.

ADN is now 300m marketcap so cloud 9 relative to that would be 30-40m marketcap

BUT also remember a lot of investors got trapped at high SP with LRS and ADN during its FOMO so drop thee value again some for that.

So really I would say 20m for the pre jorc kaolin/halloysite

Then last but not least. LRS was unaffected by rock chip sample announcement and share price stayed at 5c. It wasn't until visual estimates of 20-30% spod and intercepts were announced that they went up 17%..

So really the lithium shouldnt mean anything if basing off reactions of market on other projects such as LRS. Not withstanding the deposits around lpm ans cxo seem to be small pocket deposits and not massive ones.

So I really think fair value is around 20-30m in current market conditions with a re-rate based on visuals spod estimates and pegmatite intercept numbers. Kaolin Nd halloysite deposit jorc not to move it much if any less than cloud 9.

Just imo, dyor