LRS has an A$700m MC and has defined a JORC resource of 70.3Mt @ 1.27% (2.2Mt LCE) and $34m cash at 30 Sept
DLI has an A$313m MC and has defined a JORC resource of 40.4Mt @ 1.1% (1.1Mt LCE) and $71m cash at 30 Sept
- LRS's EV is around $300/t of LCE
- DLI's EV is around $220/t of LCE
If you were to purely judge a project by the EV cost of the LCE, either LRS is a bit expensive or DLI is a bit cheap?
Is that what you popped over to help tell us?
Ann: Yinnetharra Lithium Project Maiden Mineral Resource Estimate, page-46
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