Sorry perhaps I confused things by not saying which picture I was relating to.
This is what I meant.
I think PLS will invest AU $100m for 30% of the project as its "foreign investment", not sure why it would be US.
1 AUD = 870 WON
$100m AUD = $87B WON.
The 760B investment is for the whole lithium production hub, I think PLS is just a small part of their grander lithium hydroxide production facility which is the 760B investment.
So yeah, $87B out of$ 760B investment is not 30%, nor is it what I am referring to, but I've probably complicated things again.
PLS had the option to use the AU $80m convertible note for 21% investment.
I'm saying the remaining 9% equity investment is worth about $20m according to the picture above.
I take it the terms have changed from when they announced it but I don't know that for sure.
Math's not my strong suit so please correct me.
PLS/POSCO Joint Venture, page-27
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