Chinese, Koreans circle Galaxy’s $460m lithium stake in Argentina, page-3

I thought all Galaxians said SdV is was worth USD 1 billion?

But by giving away controlling interest plus offtake for up to 350 million... maybe ? Also, if so many groups were interested, why the need to pay away fees 6%+ to JPM etc ?

Now If we look at Mt Caitlin declining production, higher cost etc., a controlling interest gets a premium as does an offtake so GXY residual interest in SdV would be worth less than USD 200 million ?

Lastly, where are the Panasonic and BMW deals that GXY had reporters doing articles on ?

What am I missing ?