A sum of 2.5 billion to 3 billion USD is an incredible amount of money, and who wouldn't desire that?
We need to consider that the purchaser will need to invest an additional 2.5 billion USD on building the facility/plant, with caveat of production to commence in 2027 or later.
Phoenix could potentially be acquired through a joint venture involving two major players or a 50:50 joint venture, in which the buyer only invests in constructing a 60ktpa plant while Phoenix retains a 50% stake.
In essence, the higher the valuation, the longer it might take, not necessary though. Depending on our interest and the desire for quick cash in the bank, its a give an take. At the end of CEO will decide depending upon the interest.
