@stantrent
One more example for you that is occurring as we speak. Lithium Energy Limited (LEL) have a 90% interest in the Solaroz lithium project in Catamarca Province, Argentina. They are in a trading halt right now in respect to the sale of the company's interest in the project, and their current market cap is just A$56m. Watch closely for the terms/value of the sale; I guarantee you that it isn't anywhere remotely close to your valuation for Rincon ($1b). And that is despite Solaroz having an MRE almost 5 times the size of Rincon (3.3Mt) and a higher average grade ~400 mg/L.
Their trading halt will be lifted by tomorrow. Keep an eye on it for a quick valuation reality check mate.
Ann: Rincon Lithium Project - EIA Approval Granted, page-328
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $181.9M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $160.2K | 1.277M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 446730 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 556445 | 9 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
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0.000 ( 2.00 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.5¢ | 428825 | ||
| Last updated 15.55pm 31/05/2024 ? | |||||
| AGY (ASX) Chart |