The analyst published that target price way before the massive re-rating of lithium plays since the US election outcome.
if you look at resource multiples Vulcan now trades at levels consistent with that of Uk listed Savvanah resources which has a resource in Portugal. Hm. We have a massive resource in the heart of the EV production region - and so transport costs would be much lower and so would be Co2 indirect costs.
As I said above this stock should be at 3.2/sh were we to apply resource multiple of EMH - which I think is a good comparator. Yes they are perceived as having their resource starting earlier than Vulcan’s but they aren’t zero carbon.
This stock is cheap especially heading into a PFS. Watch a NPV of USD1.5-2bn.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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3 | 3550 | 4.760 |
1 | 420 | 4.750 |
1 | 110 | 4.650 |
2 | 315 | 4.640 |
1 | 416 | 4.620 |
Price($) | Vol. | No. |
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4.410 | 125 | 1 |
4.430 | 1118 | 1 |
4.500 | 54 | 1 |
4.510 | 400 | 1 |
4.540 | 4019 | 2 |
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