After watching Tim’spresentation today I have put down a few...

After watching Tim’spresentation today I have put down a few thoughts about some of the points he made. BTW @VMPhas been saying similar things for months, however

A simple Google search asking about average industry PE ratios gave methe following

Q: What is the average PE ratio for mining companies in Australia?

The industry is trading at a PE ratio of 11.3x whichis lower than its 3-year average PE of 13.7x.

Tim Goyder today reiterated that Kathleen Valley will mine between 600to 650 thousand tonnes starting mid 2024 – the current price is $4000 per tonne(His words not mine). This gives a minimum of $2.4 billion as Tim putsit – free cash flow.

Based on the ratio quoted above of 11.3 LTR’s share price if itdelivers "just" the industry PE should be

Earnings of $2.4 billion x 11.3 PE = Market Cap of $27.12 billion

$27.12 billion divided by Shares on issue of 2,200,480,460= A Share Price of $12.33

Tim was very “polite” about Albermarle's offer but clearly, their paltry$2.50 is so far off the pace it's ridiculous. Tim pointed out they could recoup their money from two years of mining at Kathleen Valley. That ain't gonna cut it. However, I think based on the way he spoke about Albermarle that there is still a lot to play out in that space. They may well return.

DYOR not financial advice.

Clearly, the good ship Liontown has only justleft the dock.