LTR 3.38% $1.29 liontown resources limited

Ann: Project and Funding Update, page-246

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    lightbulb Created with Sketch. 1095
    Good point Fred, AZS only own 60% of the project, whereas LTR own 100%.

    If we adjust the numbers to assume 100% we get a $2.8 billion MC for AZS versus $2.42 billion for LTR.

    If we deduct cash and plant value, we get $2.67 billion for AZS and $1.43 billion for LTR.
 
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