Lithium Mining Stock with a large prospective mine based in Zimbabwe with a top class conservative management team.
The share price is currently in the midst of a re-rating due to very strong global lithium prices, but the upcoming Optimised Feasibility Study (OFS) as well as the recently announced seven non-binding financing / takeover offers are the key catalysts that should further drive this share price upwards.
Expected post-tax NPV for the OFS is anywhere in the $700m-$1b range, with many competitors currently trading at or above 1/2 of their NPV. So for a valuation - given the current market cap of $290m, and an estimated post-tax NPV of $800m, I come up with a valuation very close to $1.
I expect patience to be rewarded with this one.