LKE 0.00% 3.8¢ lake resources n.l.

Lake Resources (LKE) - Lilac TP $1.04 (Corporate Connect Research)

  1. 38 Posts.
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    Di Brookman - Corporate Connect Research:

    "Valuation upside – We reduce LKE’s Kachi equity to 75%. With no upfront payments, we estimate LKE’s value dilution to be equal to the value Lilac & the ECA add back from an off-takers perspective. To achieve this we lift Phase-1 risking from 0.6x to 0.75x NPV8 and Phase-2 from 0.15x to 0.25xNPV8. Using a nominal NPV8, our 12-month value is $1.40/share. Discounting this value by 25% yields a 12-month target price of $1.05/share" Full report on www.corporateconnect.com.au

    https://hotcopper.com.au/data/attachments/3615/3615504-6c1354f0593b81528f7092bd2396e879.jpg

 
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