To estimate the market capitalization (MC) and share price (SP) of GT1 we can use the valuation ranges provided by Euroz Hartleys.
Given:
- Lithium resource size: 22.5 million tonnes (22.5 Mt)
- Lithium grade: 6% DSO (Direct Shipping Ore)
- Starting production next year
- Exploration Value:Based on Euroz Hartleys' valuation, every 10Mt of potential spodumene resource creates $80-$100 million of exploration value. Since GT1 has a resource size of 22.5Mt, we can estimate the exploration value as follows:
Exploration Value = (22.5 Mt / 10 Mt) * ($80 million to $100 million)
Using the midpoint of the valuation range, the exploration value would be:
Exploration Value = (22.5 / 10) * $90 million = $202.5 million
- Speculative Development Value:Since the resource has a clear pathway to production, we can consider the speculative development value. According to Euroz Hartleys, every 10Mt of resource with a clear pathway to production creates $150-$300 million of speculative development value. Again, using the midpoint, we can estimate the speculative development value:
Speculative Development Value = (22.5 Mt / 10 Mt) * ($150 million to $300 million)
Using the midpoint of the valuation range, the speculative development value would be:
Speculative Development Value = (22.5 / 10) * $225 million = $506.25 million
- Market Capitalization:To estimate the market capitalization, we can sum the exploration value and speculative development value:
MC = Exploration Value + Speculative Development ValueMC = $202.5 million + $506.25 millionMC = $708.75 million
- Share Price:To calculate the share price, we divide the market capitalization by the number of outstanding shares. Since the number of outstanding shares is 276.15 million, we can estimate the share price:
SP = MC / Number of Outstanding SharesSP = $708.75 million / 276.15 million shares
Calculating this:
SP ≈ $2.566 per share (approximately)
Please note that these calculations are estimations only so DYOR.
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