Timing for this week sounded like nothing but rumour to me and I wasn't holding my breath for that one. Valuation is guess work for us. We can look at M&A activity on peers for some idea but even then the range of valuations on recent activity has been very wide - from a low of around A$202/t LCE for LPI's brine asset in Chile, to over $$1,000/t for LTR with their larger scale hard rock project in Australia. I'd like to think LPI's Chilean asset recent offer at $202/t might offer a base case price and a much larger scale project in the US might attract a much better price but we just have to wait to see what eventuates.
