I think your Olaroz average sales price for December 2022 is probably too conservative.
If you look at Chinese spot prices there is a relatively small price difference between battery grade and industrial grade (I guess that is what 99 % means) lithium carbonate.
282,500.00 vs 267,500.00 Yuan per ton (both more than twice as high as 20K USD according to this website)
I think it is fair to assume that Olaroz can achieve a higher ASP than 20K USD by the end of the year.
Lithium Carbonate 99.5%Min China Spot Price - Investing.comLithium Carbonate 99%Min China Spot Price - Investing.com
