- 30c would be a MC of about 550m aud- with no debt, 180m aud...

- 30c would be a MC of about 550m aud
- with no debt, 180m aud cash, SYA and A11 equities (let's discount to 100m value)
- so an EV of 270m
- with an offtake at 900 /t for SYQ spod, greater of 113ktpa or 50%, until SYQ can produce carbonate
- if PLL can get just 3500 usd/t for 70kt of NAL concentrate, that's 260m aud right there
- then there's the 140m usd DoE grant for Tennessee plant
- and the right to earn 50% of A11 by spending 150m aud
- and the NC project, but even at 1.15bn mc imo the market currently places no value on this

"consider selling now and buying back for 30c" is not a helpful suggestion imo