My apologies in advanced for "going there" with this post. I don't intend to imply TP won't be approved, or even that there is a serious chance it won't be. This thought experiment is partially to alleviate some anxiety as it seems the road to profitability will be a little longer and rockier than anticipated. What I would like to try to figure out is what would be a fair market price for LAC's stock if we exclude TP from the picture completely and focus exclusively on Cauchari?

Emotionally this give a lower limit, knowing practically even in the worse case scenario, our investment will very likely not drop below X. It also provides a "very strong buy" indicator, should the legal battles drag on, and cause the SP to continue to dip. If the price aproaches that mark, then adding onto our existing positions seems like a no brainer. 

My appologies if this is sort of an off-topic type question.