I don't disagree with your MRE projections, but lets see the runs on the board first.
If they grow by that amount ,I think the company will be worth a lot more than 40-50c.
Remember there are off take agreements to come, potentially with finance attached to allow construction
of a plant.
Their work flow sheet is simple, as open cut ,and SC 5.5% ,DSO.
They are smart keeping away from refining ,which needs much more capital.
If they get to production I think by that time ,the MRE will be north of 100M tons, and
a Tier 1 project.
So a SGML valuation comparison could be $1-50-$2-00 a share ,but the Li price will influence that.
As both SGML and LRS are down due to that.
However ,I think Li prices will be higher in 24/25/26, as China will be out of it's post Covid slump.
GLTAH DYOR.
LRS General Discussion, page-14771
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Mkt cap ! $433.9M |
Open | High | Low | Value | Volume |
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77 | 5162240 | 0.150 |
25 | 1773611 | 0.145 |
31 | 2155270 | 0.140 |
10 | 750028 | 0.135 |
Price($) | Vol. | No. |
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0.165 | 1174326 | 19 |
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