"Patriot Battery Metals is a rare mining “unicorn” – a lithium explorer ascending to a $2bn valuation despite having acquired its core asset for $8m only 16 months ago (a 250x return) and lacking an established maiden resource."
So $2bill valuation before releasing a JORC.
"Expectations for Patriot’s initial resource estimate are sky-high. CEO Blair Way touts “triple digit” figures and recently suggested Corvette exceeds Liontown’s 171Mt of 1.4% Li2O. Using generous assumptions, we estimate an initial resource below 100Mt or 3.2Mt LCE, over 40% lower."
So even if it meets the the higher expectations, that would be around 5.4Mt LCE on the above statement or on my calculations, 171Mt at 1.4% is 5.9Mt LCE. If Patriot has a mc around $2bill., that makes our JORC 12.4MT LCE look pretty good, especially with most in the indicated category.
