Canaccord Oppose DOCA, page-252

This is looking promising. A 1.5bn valuation would be a little over $1/sh, not too shabby a windfall for what was otherwise expected to be a write off.
Presumable if this moves to have the DOCA terminated, the next step will be to open it up to the highest bidder - Albermarle sure seem hungry for supply of WA spodumene and the timing of their (failed) 3 attemps at a $5bn offer for Liontown could not have been better. But I wonder who else has their eyes on this now? PLS certainly have plenty of spare cash sloshing around at the moment, and perhaps AKE might still be interested in picking up a sister mine for the ageing Mt Cattlin asset?
Things could get very interesting and imo $1.5bn might end up looking cheap for this fully constructed mine and DMS concentrator plant.
It aint over yet folks...