Agree with you on that Legume. They're viewing it as a copper company... and calculating ratios without really looking at the story behind them eg the Olaroz asset revaluation post the TT deal.
Reading the report yesterday I couldn't help but feel this is going to be a long term success story. With industry lowest cost of production, the best possible off-take partner, funding assured, licences in the bag, construction on time and in budget, the biggest risks remaining would be a collapse in the Lithium market (ain't going to happen unless someone reshuffles the periodic table to find an element that can provide better energy density for portable and transport batteries) and sovereign risk (these guys are doing such a great job of building relationships with the local communities and government that there is minimal risk there as well). As the market comes to understand that these risks are behind them, it will surely be reflected in the share price. A bald analysis of financial ratios pre-production can't possibly show the real value here.
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