Post by
tiger2201 on Feb 16, 2023 12:01pm
LITH's valuation
Lots of investors are traders, they really don't have clue how much LITH is worth. With current resources of 2.6 MT, at Can$140/ton, LITH current owns 62.2%, so LITH is worth Can$1.14/share for Arizaro alone. They have 40M+ cash, assuming Chile's 12 salars are worth 20M$ only, so Cash+Chile is worth Can$0.30/share, total is Can$1.45/share.
LITH is currently drilling a 3rd well, and a deep exploratory hole, assuming LITH can increase their resources to 3.9M tonns, so Arizaro project alone is worth Can$1.71/share, Total is worth Can$2.02/share.
tiger
Comment by
deadduck on Mar 08, 2023 8:53pm
Nice post. Where did you get $140 CAD/t ? I was looking at their report and indicated and inferred resource (not measured) is 2.6MT LCE (lithium carbonate equivalent). Going rate of LCE is close to $70k CAD/t. I'm not familiar with valuations for lithium companies, but I would think their resource is worth a lot more.
Comment by
tiger2201 on Mar 09, 2023 7:42am
This can$140/ton in ground is based on 3 previous take-out price, such as NLC, ML, Rio's Rinco. Certainly each project is unique, many differences, LITH may not get this number. I was shareholders of ML & NLC. I believe the buyer doesn't want to wait anymore, and LITH will become more expensive for them. We will see, hopefully today. tiger