Ann: Corporate Presentation, page-35

Unknown as we don't know where the spod price will be. We can only form our opinions based on available data. I'll throw out my expectations for the FY 2024

Demand will be as expected. Price may stay subdued during 2023/24 as China continues to suppress prices by flooding the market with Toxic Lepidolite, capping the SC6 price at between US $2500 -4000t. The Aussie Peso will stay in the 60-65c range. Even at US2500 for SC5.4, revenue for FY2024 will be AUD $2.7B. That is assuming a much lower SC price than being received now.

That is still great coin and support a SP of $4 without growth potential built in. I would also expect that revenue to support a dividend of approx' 16c FY. That is a FF 4% dividend at a SP of $4.

That is my lower end guidance. Not bad and still provides me with a 6 figure income without the franking credits, of which a large portion are in pension phase and be refunded.

There are some fine posters here that have great spreadsheets with various pricing, production and cost scenario inputs. I'm sure someone will make these available for your viewing.

Really, what the market thinks the PLS should be is of no concern to me. They have been wrong for years on PLS so why should I take notice now. Their wrong has made me wealthy. (Wealthy from my perspective)