Ann: FNN Webcast - Olaroz, Argentina, Lithium Market, page-21

So break even is 450 ton a month or 5400 ton a year.

Come September ore should be doing 17500 ton a year. 17500-5400 is 12100 ton all profit.

I'm a bit green on this thing but from the video we are now selling at $20000 a ton so break even is even less than 450 ton a month. But conservatively 12100 x $20000 is 242 million a yr is this right ? A pe of 3 ?

I may have miss understood the $20000 bit but don't think so