AZS now is valued at an Enterprise Value of ~$1.8b, valuing the Andover Project (their far and away best asset) at ~$3b.
IMO, that's a pretty absurd comparison to LTR, given how incomparably far ahead LTR is.
It seems that the Andover project will be a better resource then LTR. However, LTR's resource is still a high grade Tier 1 resource, in the same jurisdiction as AZS', permitted, native title agreement in place, offtakes secured, Sumitomo agreement in place, and most importantly, 6 months away from completion (and probably 8 months away from first production).
To me, that provides great confidence in the future of the lithium mining sphere.
ASX Today, page-34538
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Last
91.0¢ |
Change
-0.045(4.71%) |
Mkt cap ! $2.206B | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 98.0¢ | 90.0¢ | $24.20M | 25.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 95000 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 10995 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |