@Thesi I can't reply to your post for some reason, but:
Assuming we are well into incentive prices by 2025 which it certainly looks like we will at this rate, and all three projects are up and running with SDV into stage 2 of production then my back of an envelope numbers are:
Mount Cattlin - 200ktpa spod x US$650/tonne margin = $130m p.a. ($1000/tonne pricing, $350ish costs)
James Bay - 330ktpa spod x US710/tonne margin = $234m p.a. ($1000/tonne pricing, $290 costs)
SDV 25,000 tpa BG carbonate x $15,000/tonne margin = $375m p.a. ($20,000/tonne, $5000 costs)
Total - $739m
Apply whatever PE ratio you feel is appropriate for a lithium producer in the midst of a decade plus supply shortage but it doesn't have to be a very big one to take that figure to $5b+ - i.e. around 6ish
Acknowledge the pricing may be somewhat bullish but in the scheme of what is unfolding I'd be surprised if we don't get there even if only for a short time.