So as I understand it, LTR isn't expected to hit production until Q2 2024. That is a looooong way away. A lot can happen in that time:
- Lithium price falls
- Delays (labour market still very tight)
- Global recession / downturns
- Credit risk
- Other key project risks
LTR appears very cheap compared to companies like PLS - anywhere in the vicinity of $5-10 for LTR seems reasonable if it were producing right now.
But in lieu of that... the question becomes what is fair value now? And what does a path to production look like? Curious to hear people's thoughts (not just rampers though). I really want to hold until production as the upside looks immense - but I'm also quite overweight in LTR, and need to manage risk - particularly the risks flagged above.
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So as I understand it, LTR isn't expected to hit production...
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Mkt cap ! $2.340B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 245349 | 96.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.0¢ | 330617 | 9 |
View Market Depth
No. | Vol. | Price($) |
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3 | 19463 | 0.960 |
10 | 125369 | 0.955 |
17 | 504388 | 0.950 |
6 | 141608 | 0.945 |
12 | 70167 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
0.970 | 330617 | 9 |
0.975 | 255852 | 13 |
0.980 | 454761 | 26 |
0.985 | 111068 | 6 |
0.990 | 388282 | 10 |
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