General Discussion Banter GLN, page-14910

mondyinvest
Saw this post from you on Twitter. A few questions:


1) Not an accountatnt, but should the tax not allow for the finance cost before calculating? Therefore tax is then US$8,419,286 and not US$13,142,536, increasing the FCF by nearly US4m? So FCF is the US13.5m p.a. Also would one not be able to deduct the depreciation or part of the capex also in calculating tax? This would then increase FCF even more? Would think making a nice profit at current low pricing of lithium is quite rare after paying for a loan at 15% interest. So using future debt to build the 20ktpa expansion should then also be viable no?

2) Would be interested to see what the EV multiple is for other Lithium companies like PLS, IGO, LTR etc at current spot prices. I would think PLS EBIDTA would be around A$600m at current prices. EV aroung A$9bn? So around 15 EV/Ebidta multiple?