News: SRK Strike Resources Announces Acquisition Of A 90% Interest Prospective Lithium Concessions, page-35

thanks banker

its just a punt or SRK wouldnt have got the land for 10 m

if it was a jorc'ed resouce it would be worth more as per LKE announcement below



Significant corporate transactions continue in adjacent leases with development of Ganfeng Lithium/Lithium Americas Cauchari project with Ganfeng announcing a US$237 million for 37% of the Cauchari project previously held by SQM. Nearby projects of Lithium X were acquired via a takeover offer of C$265 million completed March 2018. The northern half of Galaxy’s Sal de Vida resource was purchased for US$280 million by POSCO in June 2018. LSC Lithium is under offer for C$111 million with a resource size half of Kachi.


These transactions imply an acquisition cost of US$55-110 million per 1 million tonnes of lithium carbonate equivalent (LCE) in resources.