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50.5¢ leo lithium limited

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JackSpark

582 Posts.

108

06/02/24

21:59

Post #: 72271747
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Originally posted by xfactor1: ↑

Sharing Wilsons' updated report on LLL below.

Regarding their Target Price, it's important to note the following:
Project NPV is valued at A$5.24/share and LLL's effective project interest of 36% ownership (after Malian Government's 10% free-carry) equates to NPV of A$2.01/share.
Wilsons states that if LLL chose to liquidate their remaining 35.5% economic interest in Goulamina at the same valuation as their recently sold 5% stake in the asset (sold for US$65m to JV partner Ganfeng), this would still result in a company valuation of ~A65cps (~30% above the suspended share price).
Wilsons target price of 45cps is only based on a conservative 30% discount to the ‘liquidate scenario’ valuation (point 2), which will be rerated / re-linked to their assessment of project NPV (A$2.01/share) once production commences later this year and when there is more certainty over the regulatory and ownership outlook (coming shortly).

@fooca @Red Baron @8horse @manny100 @dazaliam @MM0 @franky1 @zzya1979

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good to get an update on the transport route situation with the news on ecowas
LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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