When looking at market cap, anything can and will happen...

When looking at market cap, anything can and will happen depending upon what the results are. PLS has a MC of over $650M without producing anything yet.
Sirius and Sandfire both went to over $1B with just a resource, because they were regarded very highly by the market.

Say our assays and then the drilling results were to prove up a resource as big or bigger than Greenbushes and just as high grade, or even higher. Given those parameters there is nothing to stop the MC from going into the billions, except the odds are extremely small of that happening, but probably not as small as many think.

All we know is from a couple of photos up to now, plus we know they are well organised in bringing NMT on board and now a major Chinese company, so these types of actions by themselves tell me it is more than a small low grade spodumene hit.