I agree with the FYI and Alcoa JV (assuming it happens) bringing...

I agree with the FYI and Alcoa JV (assuming it happens) bringing HPA to the mix of battery materials in the punters eye. At this stage it is definitely under the radar of many investors. I also agree there will be important announcements made with the HPA strategy on a global scale. So more than one plant is what I take from the announced information.
A take over is a possible scenario but my thoughts are on the % split between FYI/Alcoa. This will have the major impact on the share price after a possible joint venture is announced.
Hard to predict a SP without the JV % split IMO. I'm hoping for the perfect score of 50/50 however if there is to be a global HPA strategy then FYI will rely on Alcoa for the funds IMO so I don't see a 50/50 split happening. Any how I'll have a guess too
97 cents pre announcement
$1.24 post JV term sheet signed
$1.50 after the Strategy is released
$1.74 after a couple of large name offtakes announced.