I don't know what's people's opinions about rerating. Do your...

I don't know what's people's opinions about rerating. Do your own research mate. I have done mine and posted here before (Post #:38500169)

It's below;
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It is actually quite easy to put a value on the resource and the company by calculating the resource.

For doing that we need to go with the contained Li2O in deposit. Before that we should know the benchmark prices.

Wesfarmers happy to pay $547 per tonne of Li2O.
189mt @1.50% Li2O, contained (Li2O of 2,835,000t
2,835,000t /2 = 1,417,500t, $775m / 1,417,500t = $547/t

Albemarle paid $765 per tonne of Li2O
(to Mineral resources for 50% of Wodgina resource in Dec. 2018)
Albemarle paid $1,159,000 to MIN for 1,515,000 tonnes of contained Li2O.
259mt @ 1.17% Li2O, contained Li2O of 3,030,000t
3,030,000t / 2 = 1,515,000t, $1,159,000 / 1,515,000t = $765/t

If LTR can prove up 50mt @1.40% Li2O at Kathleen Valley then it will have 700,000 tonne of Li2O in resource.

Then the calculation is easy; (let's play the low ball and get WES/KRD price of $547/t for Li2O;

700,000t Li2O x $547 per tonne of Li2O = $383,000,000 value for KV Project.

Divided by 1.5b shares = 25c per share

Buldania is not included in this calculation.

All IMO. Let me know if I am wrong.