Phoenix has more than six times the resource size than that used in that PFS, and at around the same grade. With Phoenix's project supporting double the throughput, a PFS for Phoenix's project might have an after tax NPV of over $6 billion? Pretty good upside for a buyer offering maybe $2-3bill.
“Our explorationprogram in the first half of this year yielded significantly improved lithium concentrations andgrew the total resource to 1.8 million tonnes of lithium carbonate equivalent. The upgradedresource underpins an operating life of at least 20 years at competitive costs.”
