Ann: High-Grade Lithium Intersections at Carlton, page-81

Word on the street is that the Ukrainian govt have said they are willing to relinquish trying to join NATO and that de-escalation talks are underway.

Let's hope that comes to fruition. US Futures up massively on those whispers.

Superb drill results and plenty more to come. SB looks very very confident about the resource size not being an issue. $4,000 / T on Spod too.

Who's "done the math" on our output and profits on that figure?

Say we got close to that, it means around $3,000 / T profit (taking off the royalties and costs) x 200K T = $0.6bn p.a. revenues.

x 8 for company value as a rough industry average = $4.8bn MC once producing = 3 x current MC = 3 x SP of $0.93 = target SP = $2.79.

That's not factoring in fines, gold, uranium, silver, expansion of output, hydroxide plant or anything else.

Have I got that about right?