Hi all,
The sector has all moved which is great news for all lithium stocks.
So are we over valued yet ? My short answer is no.
Tianqi Lithium Mkt Cap is AUD 9.4 billion. 7.2mt (resource) + 4.3 mt (reserve) but they only own 50% (Greenbushes) ~ 5.75 MT attributable to Tianqi Lithium.
Hence EV / Resource is 1,634 so...
How is everyone looking relative to this number
Based on below - using resource value where are the potential gains
**please remember this is a resource comparison - does not take into account income / cash at bank / cash burn / etc / etc - that you should also consider**
1.and have 100% relative upside potential
2.has 300% relative upside potential
2.has 400% relative upside potential - using resource value.
New drilling and new resources for example will add to resources and make that company's numbers better again.
Best of luck all, I personally think the best is yet to come.
Super Ninja !
DYOR
Hi all, The sector has all moved which is great news for all...
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 (20min delay)
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |