LRS General Discussion, page-12628

It's clearly one day Latin will surpass Core. Core is having a significant re-rate due to poor short-term future revenue. 80k-90ktpa production rate for the next two years means it can generate around A$200-250M earning (before tax) per year but all the cash will be injected into exploration and new mine development (to offset tax which is actually not bad for Core). Now, the real question for Core is when they could reach the full capacity of 170ktpa, how they would manage the increasing cost and when they can be profitable. If it's stablised at 100ktpa beyond 2026, its current market cap is not cheap at all.

Back to Latin, if 400-500ktpa is confirmed by PEA, it should not be cheaper than Core, I think. Although Latin will be producing in 2026, it can quickly become profitable in one year and generate > 5x earning of Core. So my prediction is Core may fall below A$1B while Latin can be 2x Core in the near future. Of course no one knows the future, and I can be wrong for sure.