Can i just weigh in on a couple of these ludicrous S/P valuation...

Can i just weigh in on a couple of these ludicrous S/P valuation with no timeframe or justification behind said valuation.

If we want to draw comparisons, when PLS, KDR were at a similar life cycle (i.e proving feasibility, trying to secure offtake and finance i believe PLS was roughly half it MC. Maybe 600M, KDR is a little harder to compare as it was slightly behind PLS in progress so it's value rose with the lithium hype but MC 300-400M (really thumbsucking stuff here).

Obviously AVZ has more resource than the 2 combined and better grade. but that doesnt IMO mean AVZ should be worth what those 2 asset were combined i.e 1B right now. It's just not realistic.

I'm happy to accept a short term valuation on the low side of what those projects were worth at a similar level of progress to production. 300-400M market cap would be fair value IMO given there is 4 times the resource at better grade. this equates to a discount $/t discount of approx 65%. This would translate to an S/P of circa 13-16c.

Whilst i agree the long term value is significantly more, and that the hype may push it to over-exaggerated levels of valuation it's important to validate your valuations with atleast some tangible assumptions.

Whilst i like 8horse $/t valuation AVZ will never be worth $1000/t like the aus ones and other were valued certainly not whilst still finalizing feasibility. Even at AVZ's peak of 37c its $/t never got close to it's peers so don't be silly to think it will again in the short term.

SF2TH