JLL 0.00% 31.0¢ jindalee lithium limited

Hard to predict where LAC's share price will be mid next year...

  1. Obi
    807 Posts.
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    Hard to predict where LAC's share price will be mid next year when the PFS is due, or that of lithium itself.

    Lithium could be seen as being in the doldrums at present, or perhaps just a bit less frothy price than it has been.

    I do think it was in a bubble, but also see the future requirements for much larger amounts of it.

    Given the current trading in lithium, the market cap difference between LAC and JRL (1.83 billion USD v about 64 million USD) makes for significantly higher prices for JRL if all goes to plan and the price of lithium holds up . I don't envisage it anywhere near that 50 dollar mark to achieve parity given we wont be mining and huge sums required by a partner to build the plant and other capex, but any deal, however it is structured, should be lucrative.




 
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