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Bullboard - Stock Discussion Forum Grounded Lithium Corp V.GRD

Alternate Symbol(s):  GRDAF

Industrials
Grounded Lithium Corp. is a Canada-based lithium brine exploration and development company. The Company is focused on supplying lithium to the developing electricity-powered economy. The Company’s wholly owned and operated Kindersley Lithium Project (KLP) is located within the province of Saskatchewan in Canada. The Project encompasses approximately 77,478 hectares. The Company also owns... see more

TSXV:GRD - Post Discussion

Grounded Lithium Corp > GRD has 3.5x upside potential based on this transaction
View:
Post by CDOKing on Dec 21, 2022 9:54am

GRD has 3.5x upside potential based on this transaction

https://www.businesswire.com/news/home/20221220005786/en/Prairie-Lithium-Corporation-Enters-into-Agreement-to-be-Acquired-by-Arizona-Lithium-Limited

 

Prairie Lithium was acquired for $70.6M in cash and stock, assigning an enterprise value of $17.21/tonne of LCE (inferred).

 

As of today, GRD trades for roughly $5 EV/tonne of LCE.

 

That’s nearly a 3.5X multiple!

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