General Discussion, page-1776

On 12th October 2022 Evolution Capital put out a detailed report on ESS but I cant find it on the companys announcements. Its very interesting reading and a lot better detailed in explaining Pioneer Dome potential profit
In Summary:
Lithium Resource 7.5 million tonnes at 1.23 LiO2
Processing approx. 1 million tonnes P/A
Recovery 74%
Concentrate Grade of 5.8%
Concentrate shipped total 1.177million DMT
Lithium price US $2500 DMT
Cash Flow after tax AUS$1.956million
NPV post Tax AUS $1.152 million
Even at lithium price US$1500 NPV would be AUS $394 million
When you go back through reports there was so much hype in how great this project is and potential it has yet our board of directors appear to have abandoned ship.