Nice to see some interest come in but agree that this is still relative value compared to peers and presents one of the risk vs return.
They have a high grade spoddumene resoure (cancet) which will be JORC defined within the year. Then four prospective projects on top of that.
If they hit +10Mt at +1% Li2O on Cancet alone (which looks like they will at least double), were looking at +$60m EV or almost $0.60 per share. 20mt@2% going to see us over $1.Then there is exploration upside on the 4 other projects with strong nearolgy, which is easily worth $10-30m of value.
Still one of the best RvR lithium plays.
Nice to see some interest come in but agree that this is still...
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| Open | High | Low | Value | Volume |
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