DLI holders need a sense of reality check. the timing of CE taking over as chairman and the share price fall is more to do with the general lithium sector. overlay, PLS, AKE, PMT, for instance and you get a similar sloping fall in price.
The only thing negative at the moment is the headwinds on the global Lithium price, if that was bullish instead like a year ago then its probably higher than today close.
DLI mrkt cap is ~$350M for a 0.4M oz gold reserve and a 15Mt @1.2% lithium deposit. Have i missed anything else?
Yinnertharra at this stage no MRE so i dont know how much people want to assign to that (i havent had this one on my radar so i havent spent the time)
so i will leave it to people on how much you put on a 0.4M gold reserve at today pricing (probably not much) and so shall we say $200M goes towards 15Mt lithium deposit + Yinnertharra, well if you do then whats a 100MT worth?
i think DLI holders thought CE was going to create all this valuation add in the stock but he was wanting control of lithium supply. Valuation comes from what they have in the ground, but it does show the market what big players are prepared to value vs ore body size. they just dont have a lot of lithium.
that is why the timing of AZS takeover couldn't be better for wildcat. M&A action can have such a good influence on a sector .
if a buyer is prepared to pay somewhere in the mid $2Bs for Andover project (60% AZS + Creasy 40%) which is yet to report a MRE so aspirational target assume the midpoint at 150MT?
There is a bar that is set in the market, all that is needed for people to try and figure out and this is where top tier advice vs amateurs proves invaluable is how big a reserve could wildcat have.
Clearly you can see the amateur market podcasters and hotcrapper posters have way underestimated the size to date. But then again some do this type of thing for a living and not a hobby!! Tabba Tabba hasnt even hit the limits yet of the ore body on surface or depth from drilling.....
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