Asset comparisons14 Feb 2022 21:37
I have been doing alot of homework comparing assets and valuations with Arizona Lithium (£169 mill MC), Lithium Americas (£417 mill MC), PREM (£97 mill MC) and Cypress Development (£121 mill MC). After this research, I have learned that It is important to bench mark against US listed or Anglo Saxon play miners who are closely based to BHLs business rather than African miners. What is clear is that San Domingo, our Hard Rock asset is not acknowledged at all in the current MC of £47 mill. There is basically zero value attributed to San Domingo which is surprising but at the same time we only get results in Q3/4. San Domingo is at least worth £150 mill to as much as £500 mill alone or more if it is indeed comparable to Kathleen Valley as the management suggest. The strike of Kathleen valley is 1.7km. The strike of San Domingo is 9km. The brine assets are barely accounted for in BHLs current MC. Huge potential here provided the strong communication and the continued bench marking of BHL against relevant competitors continues. Worth pointing out that the images of Wikieup and the hectorite drilled out are significant. The images of what clearly is hectorite could contain 3000ppm to 7500ppm Li.