Regrettably, it seems that we won't be witnessing either an IPO or a takeover in the present situation. During the webinar, the CEO indicated that USD50,000 was the starting price for any potential takeover, and the current price is considerably lower than that. This means that we would be looking at a potential yearly revenue of $2.5bn, which is less than the $5bn mentioned in the webinar. Additionaly, there are several other factors to consider, such as technology to extract lithium, JORC, and actual production time. CEO missed the golden time???? A million dollar question here!
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Phoenix Water - PXW - Lithium - 100x, page-152
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