Nice little recovery, still undervalued imo.
If we are looking at a minimum of 100mt which is what Cannacord has conservatively estimated, their price target is C$9.76 which is around A$1.10
Their valuation is an in-situ value of US$300/t LCE which is typically applied to resource estimates of less than 70MT
For deposits greater than 70MT an in-situ valuation of US$600/t is typically applied.
Red Cloud's David Talbot is estimating ~170MT on just CV1
Resource Stock Digest is estimating between 135MT-160MT
Blair Way is also expecting triple digits
PMT Price at posting:
73.5¢ Sentiment: Buy Disclosure: Held
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