What’s 20Mt @ 1% Li2O worth?
One of the questions that analysts get on a pretty regular basis is how much is this project or that project worth? Projects can be valued either using DCF valuations where evaluation studies are present, or they can be valued by comparison with market cap/contained resource multiples for the sector as a whole. We publish market cap/contained resource multiples every month in Battery Materials Review so investors can understand how the market is currently valuing different types of raw materials companies exploring for different materials. But in this article we talk about lithium. In the future we’ll discuss other parts...