Racy valuations for early-stage Li developers
The Lithium sector looks very much in play with a total of US$5.1bn having been spent so far this year and some serious money being spent on pre-resource or first resource plays in November. First up is the acquisition of a 15% share in the Tolillar project for US$30m by Uranium One, valuing the project at US$200m. Given that the project is pre-resource, that’s a pretty racy level anyway! Add to that the option to acquire an additional 35% for US$185m, which would value the project at US$529m, and one...