$10 will only be the beginning for CYP! $10 CAD/share is only the starting point for CYP, why do I believe this?
Seth Goldstein (Morningstar lithium/ev analyst) forecasts a long term pricing of US $14,000/t for lithium hydroxide. Using a US $14,250 pricing, CYP presented a Net Present Value of US $ 2.17 billion in their PFS pricing sensitivity analysis.
BUT.. that's only accounting for 1/4th of the total property. Management has previously stated that the project output could be increased quite easily due to linear costs, with the sulphuric acid option they said they could increase it by three times. (Note, the new focus, chloride leach, will support an easier upscaling due to less logistic constraints)
Accounting for the other 3/4th of the property, CYP could have a net present value over US $8 billion... with a peer valuation of 30-40% CYP could easily be valued between US $2-3 billion
That's equal to a share price of US $17-$27/share or between CAD $22-$34/share!