It was never going to exponential indefinitely. It's still...

It was never going to exponential indefinitely. It's still valued at A$1.8bn at current prices for the same size operation AVL and TMT intend to build.

I know both companies have further feasabilities ahead of them, construction time, medium size capex to fund etc. But combined EV for both companies right now is less than A$80m. For half of Largo's market cap you could buy both companies at 100% premium and fund both lot's of capex. Largo could triple production for half of what their current operation is valued at.

Can anyone honestly tell me that makes sense?

Yes I understand markets are irrational, I understand that markets are wobbly and people are risk off etc etc. but for those that have time and are hunting value surely this is the times we can make bank??