General Discussion Topics, page-78292

For an integrated plant like Sayona is projecting the conversion cost would be around $4500/t of LCE. However you need to understand that the production cost is a 75/25 split, same goes for revenue.

At the moment contract prices for Carbonate / hydroxide are about $55000 to $60000 per ton and spot prices are close to $80k per ton. It is hard to say if the price of Carbonate or hydroxide will be lower or higher when the carbonate plant starts producing. To keep myself grounded I have used 3 numbers $35,000 (low) $55,000 (medium) and $75,000 (high) to do my forecast price.

The equation I am using is

earnings per ton = (Sale price - (production cost * .75)) * .75

example using $55,000 as the price per ton and $4500 as the production cost.

EPT = ($55,000 - ($4500 * .75)) *.75
EPT = ($55,000 - $3375) * .75
EPT = $51,625 * .75
EPT = $38,718.75

If we produce 30,000 tons as projected at NAL our annual total would be $1,161,562,500