I'm just trying to get my head around this.
Can someone confirm this.
Looking at LTR's figures they claim they will be mining 500,000t spodumene 6% per annum for 23 years.
My calculations give them a resource of around 700,000t of battery grade (call it 100% lithium carbonate).
With trading today that gives them a MC of over $5B.
Our current resource of over 1Mt is also for (call it 100% lithium carbonate).
Is them some sort of imbalance here ?
I'm just trying to get my head around this.Can someone...
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