Pilbara bags Latin but what about Sigma?
August saw the first major bottom fishing M&A of this downcycle with Pilbara Minerals’ offer for Latin Resources in an all share deal. The transaction multiple works out as US$xxx/t LCE, a bargain basement price if ever there was one! Compare that to the US$xxx/t Albemarle bid for Liontown before walking away and even the US$xxx/t that Hainan Mining paid for Kodal Minerals’ Bougouni project in Mali in early-2023 and you can see that this is a great price for PLS shareholders. But compare it to the US$xxx/t average that our hard rock explorer/developer basket was trading at at the...
Topics
Albemarle
Hainan Mining
Kodal Minerals
Latin Resources
Liontown Resources
Lithium
M&A
Pilbara Minerals
Sigmal Lithium
