Seeing that lithium has had the spotlight this week, here are a few peer comparisons who have similar progress with lithium projects:
LRS: $29mil MC
ASN: $27mil MC
LIT: $61mil MC
LKE: $35mil MC
PLL: $78mil MC
NVA: $26mil MC
DHR: $29mil MC
Again I mention that most of these companies also have other projects going at the same time, just like MLS. Hence there are many other variables responsible for MC, but you can get a rough idea of where MLS sits. From this comparison, it seems reasonable to expect a short term target to be somewhere within the range of $29-78mil MC when just looking at lithium alone. This roughly translates to $0.012 - 0.033 per share. Add on developments with the graphite, cobalt and zinc projects and the SP should be well above this.
MLS current SP: $0.005
MC $11.7mil
- Graphite results due imminently
- Lithium: constant flow of results expected in coming weeks (starting next week)
- Cashed up with $3.138mil to progress graphite and lithium/zinc projects
- Line wipes have already begun, unlikely to see SP below 1c for much longer
- MASSIVELY UNDERVALUED compared to peers on all fronts
Re-rate has already begun; I look forward to watching the SP action do the rest of the talking. GLTAH
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