What's the point of mathematically valuing the options? It is just crazy. Your formula doesn't consider how the market is valuing lithium industry at the moment. You can use your formula as much as you like, but in my opinion, it all depends on how investors see the lithium market. As far as I am concerned if samples are of higher grades GMN could be trading around 4 to 5 cents (lile TYX or LSR when they started exploring the grounds).
Are we the next LRS?, page-44
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