LRS General Discussion, page-14771

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.