That's a false number that you made up.
Just a few things that you didn't consider:
1. Lilac contribution of US$50 million was for the Capex of the 25ktpa production facility. As per LKE CEO, it would be increased pro rata for the increased Capex, which is expected to be roughly double. That's a difference of about US$42 million or about A$66 million.
2. There are several options that could be exercised in the future, especially the ones that are in the money, that you didn't consider.
Ann: Lake Strengthens Executive Team, page-21
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