Toyota marketing rights, page-5

I am afraid I don't support your current ORE Share Price optimism. My ORE FY2018 Forecast after adjusting for FY2018 Q3 production shortfall is PAT = US$27m or EPS = US$0.10. This puts ORE on a PAT Mulitple = 48 times which is too high. I suspect ORE's SP will continue to drift down until FY2019 Q1 results are released when I hope to see:
1. QP =4300 tns LCE
2. LCE Price = US$14300/tn
3. C1 = US$4000/tn
If on target then I suspect ORE's SP will move up to somewhere in between A$6.00 and A$7.00 .

TTC's recent investment in ORE at A$7.50 was designed to secure long term LCE supply for TTC and therefore was purely Strategic in nature. It was not connected to the economic fundamentals of Olaroz and hence the A$7.50 does not reflect a fundamental economic valuation of ORE's investment in Olaroz. Therefore ORE's SP is unlikely to achieve $7.50 anytime within the next couple of years.

Please DYOR