For an explorer with a single/sole JORC resource of 25.5ktpa LCE, no DFS, no ESIA, no binding off-takers, no finance, a large finance gap in future accounts, potential CR, experimental unproven production technology, weak board, poor resource, remote arid location, no infrastructure, and the risks/threats go on…
MC AUD500 million seems a fair valuation.
With circa 1.4 billion shares on issue…I’ll leave the math to you.
Just my opinion of course…and I’m usually wrong.
DYOR
Kachi Demo Plant updates, page-322
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