“the Definitive Feasibility Study Update confirmed Goulamina as a long life, large scale and low-cost open pit project expected to produce an average life of mine 726,000 tonnes of spodumene concentrate annually at an average cash cost of US$312/t”
“a spodumene concentrate price of US$1250/t has been adopted for the first 5 years”
”Annual production of 506,000 tonnes in stage 1”
US$1250/t – US$312/t = US$938/t
ahhh that’s US$474,628,000…
around AUD$688,000,000
”Gangfeng said it would acquire offtake rights to 50% of First-Phase annual production”
”As at the Prospectus date, spot spodumene concentrate prices are in the range of US$4,000 - US$5,000”
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