@stockswami .LTR is explorer. GXY is a producer . Their not comparable.
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Bob Liu
3 posts
🤔$GXY Lithium producer 50T per qtr @ US$329/dmt MC $650M $411 Cash no debt. Enterprise Value = $240M
Vs $LTR Lithium wannabe Still exploring. No measured resource. MC $130M $4M cash $1m debt. Enterprise Value = $127M
Not hard to see why some do their shirts and their pants.😘
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@stockswami If GXY’s business is so profitable. Why would they sell their brine mine in Argentina and invest in A40? The share price reflected their profitability. Which is not a profitable business. Their NPAT is how much 3m ? It’s a shame to just make 3 million for a producer with 600m MC
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Bob Liu retweetledi
