The recent news that the Wolfsberg Lithium Project, owned by European Lithium, has been given an interim pre-tax Net Present Value (NPV) estimate of $1.5 billion by DRA Global is a positive development for EV Resources (EVR) shareholders. The formation of Critical Metals Corp, in which EUR will be the largest shareholder, and the potential for the company to acquire EVR's Austrian assets, presents a significant opportunity for value to be unlocked for shareholders of both companies. The lithium industry is currently seeing a lot of growth and demand, and the strong valuation of EUR's project is a positive indication for the industry as a whole. This could potentially benefit EVR as a lithium exploration and development company. Additionally, the listing of Critical Metals Corp on the NASDAQ could bring increased visibility and interest to EVR and its assets. Overall, EVR shareholders should be excited about the potential for partnerships or acquisitions with Critical Metals Corp, and the positive outlook for the lithium industry.It's also good to see that EVR doesn't waste money on drilling, which could be an efficient use of their finances. Overall, there is certainly potential for value to be unlocked for shareholders of both companies as the full DFS pans out and the market reacts to the listing of Critical Metals Corp on the NASDAQ.
EVR Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
