To estimate the market capitalization (MC) and share price (SP)...

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

1. 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

1. 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

1. 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

1. 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.