RE:AnybodyLast round of Econs used 600M, but it has been said to be more then that. I modeled for $1B with 50% debt and 50% equity at around $3 for the capital raise, 20 year life, and 20k lithium sale. I hope that helps. Chris has blown that apart now though with his last comments. Without the PFS the past Econs are not usable to a great degree to value this stock. Way too many assumptions. I can tell you though I feel this is underpriced currently and the FMV is in excess of $3/share. With future growth, especially if using cash flow to fund or better yet debt, this is worth well north of $10/share.