Phoenix Water - PXW - Lithium - 100x, page-1895

They are talking a valuation at production stage, maybe around 5 or 6 years down the track, not now. The lithium market is expected to be weak over the next 2-3 years but strong beyond that. With this big a resource, $10 bill is not a stretch at production stage, especially in an expected growing supply deficit and higher prices.
PLS has a market cap of A$10bill in the middle of this weak stage of the lithium market.