Model Update, page-11

Oops forgot the PE

	Column 1	Column 2
0	Calendar Year	2021
1	SDV
2	LCE production tonnes	35,000
3	Price per tonne	14,000
4	Operating Cost per tonne	3,000
5	EBITDA (USD)	385,000,000
6	AUDUSD	0.77
7	EBITDA (AUD)	500,000,000
8	Attributable to GXY (100%)	500,000,000
9	Interest (100m debt)	10,000,000
10	Depreciation	1,740,000
11	Taxes @ 30%	146,478,000
12	NPAT (AUD)	341,782,000
13	EPS of SDV (1946m shares)	0.176
14
15	Mt Cattlin
16	Spodumene tonnes	225,000
17	Price per tonne	700
18	Operating Cost per tonne (USD)	300
19	EBITDA (USD)	90,000,000
20	AUDUSD	0.77
21	EBITDA (AUD)	116,883,117
22	Interest AUD (USD 40m debt)	3,636,364
23	Depreciation	344,148
24	Taxes @ 30%	33,870,782
25	NPAT (AUD)	79,031,824
26	EPS of Mt Cattlin	0.041
27
28	Total EPS	0.216
29	PE	22
30	Target SP	4.76

So total pessimist view is A$1.92, blue sky is A$4.76

This is my own views, build your own models