This is a bit disappointing. Incorporating the reduced selling price and the slight increase in production, my excel spreadsheet's valuation reduced by 7%. Even so, it is still $6.06!!!
This is assuming a PE of 12 and assuming stage 2 will be complete in 3 years, with a very conservative lithium price of 9k, and stage 2 missing nameplate as stage 1 has...
Despite the negative assumptions my excel has this having an 80% upside!!!
Its a solid BUY.