Lithium Valuation - What price will Macquarie Fetch?, page-12

Creeping in the right direction based on gold news flow, however the lithium spin out has the potential to more then 2x the shareprice. Unfortunately our peers valuations have dwindled a little due to a number of completed/looming capital raises, however they all look to be complete bar one company which I also hold.

Hopefully all the lithium stocks rally before the demerger so we can fetch a fair price based on peers!


$0.57 based on lithium resource ($0 for gold)


$0.80 based on lithium mine feed/reserve ($0 for gold)

$0.49 based on lithium project NPV ($0 for gold)

Even the lower end is worth more then the whole company at the moment. When I posted the first analysis in a separate thread we were <$0.2 and I was called silly. But we continue to move in the correct direction.

Bring on the price discovery...