LTR @50c = market cap of $1.22B gives potential 2025 PE of 22x at SC6 price of US$1250/ton.
Current SC6 price range : US$1150-1200
UBS:
“We forecast lithium prices to trade range-bound near term with spodumene expected $US1000 to $US1200/t for the remainder of the year versus spot $US1160/t and consensus of approximately $US1230/t.”
Most Australian lithium mines, which are almost all located in WA, would either be losing money or barely scraping past breakeven if prices slump back to $US1000/t.
