INF is the cheapest advanced Lithium project with JORC that hasn't been able to rerate on valuation as compared to similar peers in the group when they all first started looking for lithium a few years ago. CXO, SYA et al all sitting between $500m to $1B in market caps whereas INF is only $89m.
They also have $19m cash in bank which implies an enterprise value of $70m. 5 or so multiples from here as the company advances the project.
Playing catch-up on market valuations now.
Ongoing SP Discussion, page-287
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