General Discussion Topics, page-117241

Saying that you're a little more conservative, and then proceeding to value Moblan based on Kathleen Valley's valuation is very contradictory tbh.

Albemarle aren't buying Kathleen Valley for it's 156mt resource in isolation. The absolute predominant reason that they're buying Kathleen Valley is because in 12 months time it'll be producing 600ktpa of SC6. It's fully permitted and nearing towards construction completion. Moblan is years behind, unfortunately.

People very often don't factor in the time value of money, for which the effect is compounded when you're in a commodity boom. This and the risk associated with permitting/approvals.