Significantly undervalued, CY20e EV/EBITDA of 1.2x, page-58

Ganfeng will assume 50% of ownership of Mt Marion. I feel that Ganfeng is giving Mt Marion a "mates" rate on pricing given their close relationship with MIN.

Also, MIN is very predatory as a company so if you think about it - giving Mt Marion a higher price puts pressure on the other lithium peers that Ganfeng may buy from if you understand my meaning.

Just seems like this pricing may not be one to use for comparison of our own ore at Bald Hill.