Under $1B MC or 35cents would be ludicrous to be at in 2023 just before mining. AVZ with it's massive project/resource and (upcoming anticipated) OTs from EU/US/India etc locked in, FID, with certainty of project going ahead, but in 2023 sitting at 30% less MC than PLL currently in April 2021? No way. Would have to see it to believe it.
Plus should see significantly improved sector sentiment in that time with supply shortage forecasted for 2023. Probably even greater sector sentiment improvement over the next 18-24 months than seen in the last 18 months.
How PLL can be in the 1.35-1.6B MC range now with it's relatively small project, but AVZ not after the announcements anticipated in the coming months. I'm on the 50+c boat for after FID, just can't see how it wouldn't be justified. But we shall see. All IMO
Running discussion on SP, page-42454
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