As it currently stands and based on the minimum 30% uplift...

As it currently stands and based on the minimum 30% uplift mentioned above:
Beer & Co valuation = $0.50/share, therefore minimum $0.65/share
Blue Ocean Equities valuation (ST) = $0.40 per share, minimum of $0.52/share
Blue Ocean Equities valuation (LT) = $1.00 per share, minimum of $1.30/share

However given the expected resource upgrade and PFS along with a DFS, these valuations may appear somewhat conservative depending of the extent of the resource upgrade. Blue Ocean also uses a CAPEX amount of approximately $180m which is significantly higher than the $100m mentioned by PLS management. In my experience CAPEX almost always tends to be higher than expected and projects often run over time, therefore I would expect CAPEX to be between $110m and $115m (both are still significantly less than the assumption used)

If the demand for Lithium increases as expected over the next few years, then the expected increase in the Lithium selling price should also positively impact on these valuations. Long-term a share price over $2.00 is not out of the question. (I just wish I held more)

Hopefully that is not too unrealistic
Cheers, TCS
(PS: All of the above is just my opinion, please DYOR)