Conservative $2-$3 SP EV Val, page-67

africa down under 2020 presentation, in November, 4 months ago, Alistair said:

goulamina world class, will make lots of money, Alistair experienced mine asset dealmaker, strategic review underway, ffx valuation provides free option on lithium asset, basically telling the market exactly what has transpired to date, especially in 2021, in plain sight

the Morila power plant will be upgraded probably similar to another gold company's power solution, which is solar and battery, lowering costs

Goulamina dfs based on diesel power, anything can happen in this world like brainwashing billions to believing the flu is a deadly novel story and masking up the slaves, but no way should anyone expect or accept lightly that diesel power will be used, will likely be solar and battery, leads to lower costs than dfs which are already one of the lowest in the world, lower carbon footprint, improved esg, european battery alliance membership

why diesel power was used in the relatively recent dfs i don't know, but provides an opportunity from here to rerate on lower costs and improved esg. if allowed by asx, should announce this upside clearly to market soon.

spodumene 500 usd
costs 300 usd
production 400ktpa
operating margin 80,000,000 usd pa