I have given a quick look at my famous valuation model made on the back of an used envelope. Assuming, that the Thacker Pass is not happening, than I would estimate value of LAC at around $12/share. Assumptions: NPV is still $2.0 bill., LAC gets 45% of that. C-0 will increase production to 60ktpa (I have seen that somewhere) and that extra volume goes to LAC entirely, so I have boosted the NPV share by $0.6 bill., counting 120 mil. shares.