FMV on Lithium land holdings alone: $ 2.50 to $ 3.00/ shareMost investors make the error of comparing BRW to other lithium companies.
Other lithium companies will work on one (1) lithium project (ie: PMET, Allkem, WR1 etc....)
But BRW has developped a different strategy. They want 12 discoveries. Their business model is different. They have acquired the largest lithium holdings of S-type pegmatites in the world ranging from 600 meters to 18 kilometers. This year
And it is a RINSE and REPEAT operation on a yearly basis meaning more than 12 discoveries.
Right now we have over 500 pegmatites. This is the equivalent of owing 10 to 15 other lithium company stocks, each with one progject.
So if each independent lithium company would be valued at $ 30 million to $ 50 million on speculation alone, you have to multiply this amount by 10 to 15 times to arrive at a correct BRW valuation.
As I have stated $ 2.50 to $ 3,00 is FMV on lithium land holdings. If we just get one (1) major discovery we wil rush towards double digits.
Good Luck,