We also have graphite in LEL which in future might be in high demand (China restrictions etc,). Using A$17t for 3.3mt resource gives A$56m EV, Our MC is A$60m less cash of say A$4m places no value on the graphite business.
RNU is a A$400m business with mainly a large graphite resource. It has 8.5mt of contained graphite. So value per Mt of contained graphite is A$47m. Lets say A$40m. LEL as 2.6mt of contained graphite with higher grades than RNU. So in theory the market could place a value on LEL's graphite business of 40*2.6 = A$104m.
So our graphite business alone could be worth A$100m.
Our MC is A$60m. Shaking head.
Ann: Significant Solaroz Upgrade to 2.4Mt LCE Indicated Resource, page-10
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $41.44M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.0¢ | $124.6K | 335.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2511 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 9932 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LEL (ASX) Chart |