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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