Back of Napkin Valuation-Based on Resource in the ground and nothing elae
-Junior Lithium companies are trading at $19.00 U.S. in the ground
-ETMC @6,7 million tons
6,700,000 x 19.= $127,300,000.00 U.S.
- Use 30% as an exchange rate 127,300,000.x 1.3 = $165,490,000,00 Canadian
- $165,490,000,00 divided by outstanding shares of approximately 35,000,000 =
$4.72 Canadian
- For safety divide by 2 =$2.36 Canadian
-Additional resources in the ground -FREE
- Existing Infrastructure-FREE
-Joint Research Venture with leading, fully integrated lithium company Livent -FREE
- Evolving Unique DLE process-FREE
-Superlative ,Visionary and Expanding Management Team-FREE
- October 30/2020 closing price .63 Canadian-ALMOST FREE
-I LIKE the FREE Stuff
-Draw Your Own conclusions