One more M&A activity today:
Pilbara Minerals Agrees to Acquire Latin Resources at around 560 million Australian dollars (Peak valuation was $1bn +).
Implies Value Around A$0.20/Latin Resources Share.
Project Resource: LCE of 2.2Mt. DO NOT COMPARE WITH PHOENIX AS ITS HARD ROCK PROJECT.
Estimated after-tax NPV and IRR of $3.6 billion and 132% respectively from total life of mine revenue of $12.6 billion.
