The Albermarle bid for LTR which LTR management dismiss as...

The Albermarle bid for LTR which LTR management dismiss as undervalued is comparatively 2.5X the bid price for ESS.

There are obvious differences in the deposits. LTR is huge but is mostly underground and will be expensive to mine.

ESS is lower grade but is at surface and a simple open pit.

Both companies have underexplored land etc.

Even if you said LTR was worth more of a premium for various reasons, I could argue that ESS is worth double the current 50 cent bid, based on the ALB bid for LTR - which their sound management have rejected as being opportunistic and undervalued!!.

Food for though.

IGO should pay up and sweeten the bid if no other bidder emerges.

I for one am voting NO to 50 cents.