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67.0¢ liontown resources limited

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8horse

34,339 Posts.

9120

30/01/24

15:45

Post #: 72137542
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Originally posted by 8horse ↑

Gina made a profit of $5 billion last financial year, mainly from her Roy Hill iron ore mine (75% ownership), she had $19.9 billion cash as at 30 June 2023. She has piles of cash, far enough to buy and fund a couple of world class lithium projects.

Here's the post I wrote three days ago,
SQM and Gina are currently buying 60% of the Andover project (around 5 years away from the production) for $1.7B, valuing the whole project at $2.8B.
LTR, currently market cap $2.2B, including spending $1B to develop and build the mine, if less the $1B development costs/capex, LTR is currently valued at $1.5B (added back $300m debt).
So more advantage stage LTR is only valued at $1.5B Vs early stage Andover at $2.8B.

Let's look forward, current LTR cash reserve is sufficient to complete the construction, valuation to construction completion is $2.5B; 100% of the Andover project is valued at $2.8B before construction, adds $1B capex, valuation to construction completion is $3.8B;
LTR $2.5B Vs Andover $3.8B.
More advanced, few years ahead, but valuation is 52% less.

https://hotcopper.com.au/posts/72089902/single

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typo, Gina's Roy Hill's ownership, 70%.

LTR Price at posting: $1.02 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 67.0¢		Change 0.020(3.08%)		Mkt cap ! $1.618B

Open	High	Low	Value	Volume
65.0¢	67.5¢	65.0¢	$2.174M	3.269M

Buyers (Bids)

No.	Vol.	Price($)
30	293084	66.5¢

Sellers (Offers)

Price($)	Vol.	No.
67.0¢	114943	12

View Market Depth

No.	Vol.	Price($)
9	44994	0.670
27	302973	0.665
23	542355	0.660
13	416070	0.655
23	1217428	0.650

Price($)	Vol.	No.
0.675	651155	31
0.680	489085	18
0.685	185759	10
0.690	83299	7
0.695	50806	7

Last trade - 11.07am 18/09/2024 (20 minute delay)

LTR (ASX) Chart