Thanks Process - A Comprehensive Report - another Independent Valuation (which confirms most holders opinion- UNDERVALUED!) - Excerpt below
ESS Valuation: in addition, our sum of the parts valuation assumes an equity capital raising of $20 million @ $0.40 to complement the funding of the exploration and evaluation programs. Based on all those parameters, our price target for ESS stands at $357m or $1.12 per share. This price target is supported by the market values of Global Lithium Resources Ltd (ASX: GL1, mineral resource of 18.9 Mt @ 1.32% Li2O through two projects) and Red Dirt Metals Ltd (ASX: RDT, maiden mineral resource to ....
