Using PE ratio of 12stage 1 - 506ktpa spod 6% -80% recoveryAISC...

Using
PE ratio of 12
stage 1 - 506ktpa spod 6% -80% recovery
AISC $365USD SOI 1.2b

Leo lithium figures
spod @ $1250 USD
pretax basis 5.63bAud market cap (45% LLL 2.53bAUD MC)
LLL $2.11 per share

speculative figures
spod @ $2500 USD 10.37b AUD(45% 6.11AUD MC)
LLL $5.09

speculative figures
spod @ $3750USD stage2 831kpta
LLL $13.26

multiply by 0.7 for post tax
All this can be purchased for 70c
Risk of course is China goes AWOL and/or MALI - no idea what happens then.

but I’ll take those odds!
hopefully not famous last words!