30c plus this time or more

Clearly they are talking to new potential JV partners.
Given last deal the jv partner took equity at 30c and then spent 7$m drilling what can we expect now.
Lithium market has seen an abundance of corporate activity. There is a major land grab going on and they have one of the best ground positions in the sector.
They have also proved up a 11mt JORC resource and proved up potential for DSO from Waratah well and have spent 7m on drilling which they have learnt alot from
So I think any new jv must be 30c or more so plenty of upside.