In my opinion your sp estimates based on the 52 week high is a good starting point, but with major new news expected, concurrent with the end of the corruption and Zijin, I am expecting the close on the day that trading resumes to be much higher than $1.31.
Regarding your sp estimates based on 6-May, imo this approach is irrelevant because the main reason the sp dropped from >$1.20 to 78c was the Zijin related corruption issue, which has been fixed. Hence, comparing the AVZ sp with other lithium companies based on 6-May, and the % change thereafter, is not a valid approach.
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