LTR 2.63% $1.17 liontown resources limited

salient points. i think the comments are taken a little too...

  1. 3,906 Posts.
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    salient points.

    i think the comments are taken a little too literally. I was simply calling out that explorers to generally not straight line in s/p from exploration through to production.

    often there's a retrace from the hype of discovery and then once the dfs and construction starts it lulls. from memory I think dfs was set for completion 2020 maybe mid year? then add of construction happy to agree that LTR value will be close to KDR's current value in that time frame.

    happy to use KDR exploration EV when at the same stage of like. believe they traded at 50-70c at the peak of exploration before the DFS and construction.
    puts them around the MC of 200m.

    perhaps you could confirm the enterprise value if you wish to use that.

    As previously stated "this could have more legs and run to the 10c mark and hold around there"

    agree with all your points AJM was just a rough cut call out. could have used PLS, KDR but agree KDR probably the best comparison.
 
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