heres a look at the market caps of BG Battery grade players on the ASX. This is the best for comp purposes.
1. GXY - Market cap is $887m for 20-25ktpa in Sal de vida of BG. Likely 50% JV, so 10ktpa. The other project James bay is too early stage in the approvals process but has some value. Their Mt Cattlin hard rock is unprofitable.
2. KDR - Market cap is $560M for 22.5ktpa in Mt Holland australia. This represents their share of the project.
3. INR - Market cap is $300M for 20ktpa in USA, likely 10ktpa their share if JV'd.
4. LPI- Market cap is $58M for 10ktpa share of BG(50% of 20kpta share). Already jv share.
We should be atleast a bit more than a double current. So around 50-55c share price right now. This is the cannacord price target. Can't see us still floundering in 12 months in the 20s, if EIA, finance and construction have started.
