Running Commentary on the SP Movements., page-651

TianQi Lithium acquired Talison (100%) for total about CNY5b (~A$1b) in 2012 before lithium boom, then sold 49% to Rockwood for US$475m; (Greenbushes deposit:118.5Mt @2.4% Li2O - 6.1Mt LCE)

AVZ's Manono deposit exploration target: 1Bt - 1.2Bt @1.25% - 1.5% Li2O (~19.65Mt LCE), Three times of Greenbushes'.

TianQi paid A$1b for 6.1Mt LCE in 2012 while lithium price was very low.
Currently, lithium price is multiple, and AVZ shared lithium deposit could be over Three times of Greenbushes deposit.
Takeover price for A$1b x 3 x price increase since 2012 x Discount for Early Stage exploration & Geo Risk = ???