More Australian peer EV/Resource spodumene comparisons below after the recent peer re rates and again, just another value to the overall transparent light table to take into consideration, that’s all, nothing more nothing less, IMO.
KDR6/10/2017
Mcap $345M @ 99c fps (349M fps, $3M cash, $106M funds for mine development + $40M cash
upon SQM deal being executed/conditions ticked, no debt)
Mt Holland Li (KDR 50%) Ind/Inf resource 128Mt @ 1.44% Li2O + Au (KDR 100%) Ind/Inf resource >1M ozs
KDR value per resource Li2O tonne (50% of ~1.84Mt contained Li2O) = ~$375t
Currently and on the above basis KDR is still undervalued, IMO. On a peer on peer Australian average EV value @ $850t Li2O = $782M mcap or $2.24 per share potential. Either some of the Australian peers are overvalued on a simplistic EV/resource tonne value or KDR is still a screaming buy.
Good luck to all the wannabee spodumene miners in the sector, exciting times ahead for all. Bye …
KDR Price at posting:
$1.02 Sentiment: Buy Disclosure: Held