RE:RE:RE:RE:BOUGHT MORE today....freeing up CASH DAILYThey always say to KNOW WHAT YOU OWN.
What I do know is that peer companies (with a track record) will acquire companies with LCE in the ground (no mining) anywhere from $ 100 to $150 per ton of LCE.
We will CONFIRM more or less 7 million tons of LCE in the ground.
This values our property at $ 1.05 billion (max value, if we do not mine it)
We carry market cap of $ 50 million.
Does not take a genius to figure out that what you buy today at 5 cents on the dollar is actually worth $ 1 or, 20x.
Now some are ignorant and do not make these calculations. They look at lithium price, they look at EV sector, they look at politics, they look at financial statements, they look at cash in the bank,....
What I look at is not the stock price as it is IRRELEVANT at this stage, I look at valuations: what am I paying and how much is it worth.
If we stick to FACTS, all this blah blah blah from people will float to the sky to make clouds.
Good Luck,