Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-226

The mining lease could well be the catalyst for more bids to come in. If I was interested in bidding I’d probably wait for that to be approved, just to make 100% sure that our asset can and will be mined.

At $130m, surely our resource would be of interest to almost anyone with any sort of mining expertise, not just existing lithium producers. A quick and dirty DSO operation could easily return many multiples of the purchase price quickly with very little risk.