Yes the Company has used what I expect will be conservative figures on price expectations going forward , which I like but the key is the production costs, which even at US$600 t Spod leaves a US$300 t margin , that is very good money when you are producing up to 1.2 M TPA ....In lean times and contracts whith a minimum price built in, this Company will do just fine, in a bull market for Lithium it would generate large amounts of cash IMO and that is just the mine, not any downstream contributions where the serious money exists .
The potential for this Company is huge if the Lithium space plays out as most expect over the next few years....it comes across as a very good medium term risk / reward play and biased towards reward IMO...
Cheers Whisky
Pilbara to double and triple down, where will the money come from?, page-29
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