General Discussion Topics, page-28129

Spot on HA.

I have been working out a "what if" plan that would do the following.

• Assumes 240,000 spod production with improvements that are in process.
• Assumes 1/2 sales of Spod to PLL @ $900.00
• Assumes improvements @ carbonate plant to get us to 30k tones of Carbonate
• Assumes we will purchase 120k tones of spod on market to be able to produce 30k tones of Carbonate. - I actually fully believe that if we get to 30k tones of Carbonate it would be more economically beneficial for PLL to re-work the spod agreement but lets just assume they can not because of their agreement with Tesla for now.
• Assumes we can sell Carbonate @ $24,500 /t
• Assumes production costs @ carbonate plate are $4850 /t
• Here is the outcome.

The final total would be 75/25 split

Piedmont = $162,975,000
Sayona = $488,925,000

I believe we could produce this plan with around $200 Million (75/25 split again), with an ROI on less than 6 Months.

**Would require a bit of Debt to accomplish.