Ann: Corporate Presentation - December 2018 Quarterly Results, page-36

Agree Binwood, pretty good quarterly. Could have been a bit better eg sale price and tantalum but overall I think as good as could be expected.

$1000 per tonne is actually pleasing to me given so much commentary in the recent past about the lithium market. With 742USD per tonne we can make a good profit margin.

When ramp up of total production reaches plan and recoveries reaches plan then total production costs will be lower and by then I reckon we will be making at least $400 profit margin per tonne. Looks pretty good for the future to me.