SDV valuation $, page-9

Even after the operating costs for SDV (after potash) were revised from US$2.96K/t to $3.14K/t,
it is sitting comfortably in the bottom of the global cost curve. Much lower than the new costs for SQM and ALB in the Atacama after their increased royalties and lease payments.
Thus it is the last remaining high grade brine asset that can operate at scale, hence why SDV received 40 offers according to the AGM. Not just discussions but 40 OFFERS ready to roll. And now 3 of them are sitting on JP Morgan's desk for final evaluation.