Exactly one month since posting the last lithium comparison...

Exactly one month since posting the last lithium comparison table;

• Leo Lithium (LLL.ASX) up 45%
• Liontown Resources (LTR.ASX) down 1%
• Atlantic Lithium (A11.ASX) down 2%
• Core Lithium (CXO.ASX) down 14%

Cracker month for Leo Lithium and a well deserved re-rate.

See below the latest lithium comparison table of LLL vs A11 vs LTR vs CXO at USD $1359/t long term SC6 price.

Despite the recent gains, Leo Lithium still has the most upside compared to its peers, trading WELL below NPV. Numbers shown are conservative for LLL too as I haven't yet captured the revised expansion of Stage 2 from 830 ktpa to 1 MTPA SC6, as per announcement 29th May 2023.

Few big catalysts over the coming weeks - including resolution of the FFX situation (hopefully!), as well as another significant resource upgrade. As mentioned before - we already have the 7th largest lithium hardrock resource in the world and that's set to grow further and become even more strategic.

Next quarter we're targeting first revenue via DSO production - another huge catalyst.LLL will continue being a momentum play as we head towards DSO and ultimately SC6 production in Q2 2024. Share price can only go up with all that free cashflow.

Twitter post:https://twitter.com/dgdgdm_/status/1669475899526483969?s=20