General discussion, page-2507

I think you're probably right
Shareholders always think their company is worth more than the current price.
Realistically, if they didn't think that, they'd be better off selling & buying something undervalued.

If they issued a Prospectus today for LLL, they'd have to give it an indicative market cap of around $300m.
I could not see it remaining at that market cap after listing.
Have a look at other Li companies with a $300m MC - like chalk & cheese

Today's market caps of AVZ & LTR is $2.67b & $3b, do you really think we are worth a tenth of their MC's, even allowing for our 40% ownership vs their 51% (which will reduce to get funding) & 100% respectively.

Same for FFX though I think it'll take a bit longer for the dust to settle after the demerger.
We see > 200k oz as the end prize, have a look at the MC's for gold producers producing 100k, which is our guidance for this year.

In 1H this year our guidance is to produce around 22,500oz. To get to 100k for the year, we'll need to produce 77,500k in 2H, that's an annualised rate of 150k pa. The start of 2H is only 4 months away!