Quite how they get LLL having a post tax NPV more than 50% higher than LTR despite having a marginally smaller resource escapes me. But what this spreadsheet doesn't tell you is that Mali had a coup in 2020 and another one in 2021, one before that in 2012, and is currently under military rule. It ranks highly on political instability and corruption indexes, there's a UN peacekeeping force in place, and Wagner PRC is also running around the country. LLL only own 40% of their resource, their closest port is nearly 900K away in another country (which itself suffered a coup in 2021!), their JV with Gangfeng and Mali location eliminates them from IRA consideration, and if they do get to production in 2024, generating that much cash in a country with a GDP of only $19B is going to put a big target on their back IMO.
The real story of that spreadsheet is that while they may appear undervalued, perhaps the market sees them as accurately valued.
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Last
61.0¢ |
Change
-0.040(6.15%) |
Mkt cap ! $1.479B |
Open | High | Low | Value | Volume |
62.5¢ | 64.5¢ | 60.0¢ | $11.74M | 18.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 453484 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 487392 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 453484 | 0.605 |
83 | 991110 | 0.600 |
9 | 375723 | 0.595 |
19 | 259682 | 0.590 |
6 | 137229 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 487392 | 4 |
0.615 | 209885 | 5 |
0.620 | 197319 | 5 |
0.625 | 4819 | 2 |
0.630 | 54000 | 3 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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