Ann: Stage 1 DFS and Updated Ore Reserves, page-87

Thanks for correcting my figures @tacair. I knew something was up with the EBITDA calculations! I blame a groggy early Saturday morning after a few too many celebratory ales

Realistically, $1.4bn MC is exactly the ballpark area I think we are looking at when (lithium alone) plans Stage 1 and 2 are completed. That's about a 4 x increase in MC from now.

Anything above there will be determined by reserve expansions, potential acquisitions, gold prospects and whether the DFS for the hydroxide plant is a goer. The latter to me must surely be a no-brainer in this current lithium boom market (which is set to continue for a long long time). I seriously think the NT Govt should provide a large chunk of the funding for it. Core could use it themselves and process other companies ore too if there's surplus capacity (mind you, who else is around in the area? PLS is a million miles away and will build their own I believe). The Japanese govt stumped up close to 50% of the cost of the Orocobre processing plant in Japan. That's reasonable.

I think it was Tony Seba predicting 95% of the car market will be EV's by 2030. There just isn't going to be anywhere near enough Lithium supply the way things are going.