Listening to galaxys main man on the global lithium podcast this week. Im confident. We can value stocks on p/e but in the end its a valuation tool u could also use poscos price paid and extrapolate. Theres a couple of Li companies that i can think of producing. And doing seemingly well and profitable. Maybe its just theres to many listed on the asx to go around and thats the real supply demand story. Too much of a good thing.
Hopefully a massive deal can be done for min resources 50 percent of wodigina and it shines a massive light on the strength of the producing asx listed lithium plays. Just my thoughts.. wishing everyone good luck
GXY Price at posting:
$2.19 Sentiment: Hold Disclosure: Held