That's exactly right @kevin103.
And lithium was not so popular and strategic mineral at that time. (It is now)
I believe LTR's resource now is much more valuable than a resource in 2015. So you figure it out. Or let's leave it to Mr. Market.
See the EV sales on the graphics below.
The EV sales have grown exponentially in last 8 years. (Elon Musk was saying in an interview that some people even don't know the meaning of "exponential growth")
It took five years to sell the first million electric cars. In 2018, it took only six months to sell a million cars.
Possible potential of LTR - Estimations for discussions, page-65
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Last
$1.17 |
Change
-0.010(0.85%) |
Mkt cap ! $2.830B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.16 | $12.90M | 11.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 71646 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 284196 | 59 |
View Market Depth
| Last trade - 15.32pm 07/06/2024 (20 minute delay) ? |
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Last
$1.16 |
Change
-0.010 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| $1.19 | $1.19 | $1.16 | 2448000 | ||
| Last updated 15.50pm 07/06/2024 ? | |||||
| LTR (ASX) Chart |