RE:RE:Updated DFS for Maricunga Stage One lithium brine projectHi everyone,
LPI was down 11.5% in Aus, LPI's SP is up from 46 to 83 cents (recent high), that's 80% gain, people is just taking profit. BRZ is up from 31.5 to 42 cents yesterday, up only 33% with yesterday's high. With yesterday down, LPI is still up 60% this year. LPI's MC is AUS$254.6M=Can$231.5M, so BRZ's MC should be 1/3 x 231.5M=Can$77.2M, yesterday's high close makes BRZ MC only 38.9M, so we are still 100% under valued, comparing with LPI. LPI's sell does not mean BRZ should be down today. HOLD ON YOUR SHARES.
BRZ is the only most advanced, high quality, construction ready, fully permited Phase I brine project. After ML and NLC are taking out, BRZ will be the next one.
tiger