Bringing this thread back on topic - this is the peer-based...

Bringing this thread back on topic - this is the peer-based valuation I worked out 6 January:

• 87 Kt x CAD .69 M × 80% ownership x CAD to AUD $1.05 = AUD $ 50.30 M

This is an update of that peer-based valuation (17 January):

• 86.9 Kt x CAD .81 M × 80% ownership x CAD to AUD $1.05 = AUD $ 59.38 M

That's an improvement of 18.05%. Canadian hard rock lithium peers are recovering strongly. This will be good for IPO sentiment if Canadian lithium sector/market conditions remain positive.

Peer Average 13.40Mt x 1.31% = 176.7 Kt
CAD 133.97 M / 176.7 Kt = CAD .81 M per kt

NMX.TO 28.00Mt x 1.57% = 439.6 Kt
CAD 576.05 M / 439.6 Kt = CAD 1.31 M per kt

CRE.V 26.50Mt x 0.98% = 259.7 Kt
CAD 111.04 M / 259.7 Kt = CAD .43 M per kt

QMC.V 1.20Mt x 1.5% = 18 Kt
CAD 20.92 M / 18 Kt = CAD 1.16 M per kt

FL.V 10.42Mt x 1.82% = 189.6 Kt
CAD 48.53 M / 189.6 Kt = CAD .26 M per kt

RCK.V 13.29Mt x 1.09% = 144.4 Kt
CAD 33.71 M / 144.4 Kt = CAD .23 M per kt

FAT.CN 1.00Mt x 0.91% = 9.1 Kt
CAD 13.55 M / 9.1 Kt = CAD 1.49 M per kt