EUR has a 10MT+ Resource at over 1% LiO. And it's based in Europe!!. It is clearly worth a lot more than A$170 million market cap in the current Lithium market.
The company has done BFS, mettalurgy and also now has an off-take agreement.
I value the company at around $400M+ at it's present stage based on peers such as CXO.
I value the company at over A$1Billion at time of production, or probably before production when construction is adanced.
The cash-flow in the DFS will more than give you the relevant PE to justify my valuations.
Explorers in Australia with a 10MT spodumene resource are currently valued at $150 - $300M market cap but are far less advanced than EUR on the path of production.
Today, 1MC went to market cap of close to $200M - they have nothing - just some land that they hope will yield some Lithium when they START to explore it.
EUR very undervalued. Make of it what you will.
I bought fairly early in PLS, AKE (GXY), CXO, GL1, ESS. I have a pretty good track record and my gut and head says EUR will have it's time in the sun very soon. Good Luck.
EUR Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
