i can absolutely say without a doubt that if the resource is bigger than anticipated and if the flow rates n grades are good, any valuation is possible as this is a sleeping giant without a doubt in the right country, at the right time, in the right place and space. you see not many big boy punters know about the size and scale of this project assets, or phoenix having the only guy who built a lithium plant outside china in the last 3 decades on board with phoenix. warren buffet badly wanted arnold wolf on board but arnold decided to stick with phoenix. so this guy said no to warren buffet that says something about this asset class! cps won't cut it if the resource is big imo. you need a bigger global player like jp morgan or goldmans or in oz macquarie global etc.only a big merchant bank brings the billions throwing clients. too big for cps to handle imo!! imo the next big tick is the jorc and size of the resource! i believe this will never make it to ipo!!!
