RE: At least £1+ for any takeover18 Jan 2022 16:24
looking at that rational
Their market cap is currently A$1.5B / £815m, they have a 15mt resource at 1.3% grade for a 10 year mine life, so significantly smaller than Ewoyaa currently is. Yes they are based in Australia which is a tier 1 jurisdiction, however that doesn't come close to justifying the current £650m difference in market caps.
At £815m ALL would be valued at £1.42, give it a 25% haircut for the difference in jurisdiction and you get a 1 year target price of £1.06 (when we should be at the same stage as Core are now...).
So much upside to come here.
MAKES THIS A NO BRAINER plus Piedmont must be forced very soon to consider an outright takeover. They NEED the lithium badly imo for Tesla or else they gonna look like chancers