No, it doesn't. LEXG acquired 4 claims at Valleyview from First Lithium, another public company. Even after vending them to LEXG, First Lithium still has almost 40 of them - almost 10 TIMES WHAT LEXG HAS. Even after today's massive sell-off, LEXG has a market cap of about $176 million. First Lithium's marketcap? $6 million.
What LEXG has in Argentina doesn't have much current fundamental value, either. It was also owned by another public company, Electric Metals. They spent a whopping $17K on exploration before dropping it for better properties.
LEXG has 2 recycled early-stage exploration properties and no money. They have absolutely nothing that would justify even the current $176 million market cap, much less the half a billion it was trading for at yesterday's close. This stock has a lot farther to fall.
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