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Completely agree !
Even the DFD 1-year share price forecast of 114p /Mcap c.GBP90 mn (c.USD100mn) is on the low end IMHO.
I'm looking to more like 189p / GBP150 mn Mcap !
Nonetheless, all way above current value!!
How so?
No need to ramp with completely misleading statements here.
Lake Resources in Argentina have 4.4 Mt LCE. CTL only has so far defined around 2Mt LCE.
There is over 90 Mt of LCE resources in projects throughout Argentina.
Anyone with a minimal understanding of lithium brine projects should know this. If you are going to ramp a stock at least do it with the sound truths and overwhelming underlying value:
The underlying quality of the resources at CTL's projects are sound, and somewhat better than LKE when looking at grade, thickness, consistency, porosity etc. Take into consideration infrastructure, logistics, DLE proven technology, and overall beneficial impacts to the potential operating cost to produce lithium carbonate (being likely low compared to peers), then this is a company that should grow to be heads and shoulders with other DLE-brine peers. The scoping studies and further resource updates (in size and quality) will be the next catalysts for the market to wake up and re-value this company.
Tim's a great guy in this industry, he'll deliver this for us all!
Got to love the licence location and gold showings thus far...Just need to keep up the ground work and it'll all come home to roost!
I might have to agree with you Tradecraft!
Drink in hand, sipping, waiting....patiently........
Its a shame really as they have got a fantastic exploration portfolio. There are licences with great gold grades, strike and depth potential that could become easily another mine or few!
I think this a slight over reaction by the market, understandably given the range of other developers but I am seeing this as more of a buying opportunity! They are cashed up, and have a solid team to run this operation when underway. I have been closely following these guys since 2015/6 and am impressed by what Eldur has achieved for the company and shareholders. This will bounce back, but we may have to all be patient and let this settle down.
Remember these guys control huge swathes of land and there are more deposits to be found. If gold stays up and travel disruptions ease this will be an easy long term hold. GLA
EMH is a quality project with size and scale, and proof of commercial viability with very supportive government, local partners and institutions. Does SAV have the same comparable traits?
hopefully this is the year....15 years in the city and may be this will go somewhere!
watching....waiting! lol
Been in this for a few years now, great to finally see value being recognised....serious player for sustainable lithium supply and then there is tin!
Great things shaping up here....plenty of upside.
it sure is!
looking forward to the year ahead!
PGE demand and use is amazing!!
How did you come up with £10 per share BwanaMakubwa ?!?
WOuld love to hear your logic and see the calculations for that ridiculous statement! :)
So many people on LSE and other boards keep making these sh/.price targets but without any consideration for what the Mcap would effectively be. The first place to start is the Mcap, and work from there!
What % did you apply to the stage of development they would be in by then, that the market would attribute? Or what multiple did you give them if your assuming they'll be in production by then?