WH IRELAND BROKER NOTE, 29.1.24
Target price: 11.2 British pence or A$0.21.
"considering market reactions to neighbouring lithium projects in the same geology."-WH Ireland.
ARTEMIS RESOURCES:
Halted 1.9c at Mkt Cap A$32m.
So, at 21c WH Ireland price target [before Marie rock chip assay results] means that approx, ARTEMIS is valued at 1% of $3bn takeover of Azure by the consortium Gina Rinehart of Hancock Prospecting and Albermarle.
Why? 10% of A$3bn =A$300m implied mkt cap [takeover of Azure]
1%=A$30m.
WH IRELAND'S TARGET PRICE OF 21c=10x of current 1.9c, Mkt Cap $32m.
Conclusion: One can see that WH Ireland has given ARV about 10% of the A$3bn implied takeover of Azure by the said consortium.
---------ANY WONDER THAT "BIG PLAYERS" are eyeing GRE at $28m mkt cap ?---
Exact wording from Business News, 1 wk ago is: "have also attracted the attention of big players." [Re-tweeted also by Greentech themselves and adding the para from the article about them: "Green Tech has suddenly found itself next to a new power play among lithium giants right NEXT DOOR to its own developing lithium project in Western Australia." -https://twiter.com/GreenTechMetals 30.1.24 tweet with embedded article as above.
WH IRELAND BROKER NOTE, 29.1.24 Target price: 11.2 British pence...
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