The poll is interesting but does a poll like that matter to us? Who particpated in the poll? Retail investors or industry leaders looking for acquisitions? If its the former, it doesn't matter, if it's the latter, 3% of 527 votes is 16 participants that prefer geothermal brine. How many bidders do we need? A handful is more than enough. Exxon Mobil has a stated preference for brine and won't touch hard rock. It's also about timeframe and scale. Retail investors and probably many smaller companies prefer spodumene because it offers the easiest short term gains on any discovery. Mine it, concentrate and ship it for someone else to process. A big player wanting very long term supply could be much more interested in a 12mill tonne LCE brine resource rather than a 1-3 million tonne spodumene resource. There are very few resources of this scale and maybe only this one of this scale that's available for a deal that can't get blocked by another party as happened with LTR and probably happening with Azure. Neither of those two are of the same scale as Phoenix's 12.4mill tonne. Geothermal brine might be least preferred by the majority partly because of higher capex if also generating electricity. Some larger players with a long term strategy and finance options might prefer that strong ESG benefit. We only need one or a few interested parties to talk to or make a deal with, not 527.
