It’s okay to not know. I’ll have a go.Livent currently over $6b...

It’s okay to not know. I’ll have a go.

Livent currently over $6b aus market cap. Product approx 5000t.

Breaking this apart, I’m gonna suggest for simplicity $1b per $1000 tonne of product and $1b for IP.

The big 5 don’t care for our IP because they have their own. But here’s the kicker:

China has already tried a hostile takeover- why???
Rio paid $800m for a resource that has not yet got a plan to exploit- why???
Dozens upon dozens of juniors are also trying to get into the sector with no IP.
Rincon salar has been touted as the impossible code to crack because the magnesium is hard to precipitate out, yet Argosy has done it successfully. This means that the IP is valuable. China has one of the biggest reserves in the world but can’t crack the code. Who can???

I’m being conservative with $1b for the IP.