What is FMV for 1 core speculative asset - no discovery?I want to ask a question to this board to understand your reasoning.
In your opionion, what fair market value would you give to a company that has only one core asset in the lithium field and no discovery to date on its core asset?
Would it be $ 208 million?
From trending other lithium stocks on the TSX.V with only one core asset, valuations run anywhere from $ 20 million to $ 35 million, without a discovery. So why would $ 208 million be correct?
Can anyone explain?
It was different when we were speaking of 20 lithium companies in one, as you gave $ 10 million market cap to each lithium companoy to arrive at $200 million. But now we have one (1) core asset and not 20 core assets.
Thanks
Good Luck,