From Canaccird this morning. EV is USD, but If you break it down into EV/Lithia Wr1 is circa A$62 per klt, PMT and LRS are ~ A$300 per klt,
Considering out of those 3, Wr1 has 30mt at 1.3% at the surface and from that interview a Capex bill of ~ 200mil USD, if you have been following Wr1 for a while you will be aware that CE is conservative.
PMT needs a billion dollar plant, LRS need to dig dig dig and despite metallurgy will have substantial problems removing waste from ore due to thickness of pegmatites.
Its just plain stupid both are 6x wr1 is respect to LCE values let along mcaps.
WR1 General Discussion, page-30689
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