Ann: Great White Kaolin Project - Definitive Feasibility Study, page-269

"Based on potential customer assessments, Andromeda’s Great White CRM™ and Great White PRM™
products are considered as medium- -high quality product for each application and are expected to
achieve a weighted average CIF price ranging from DAUD560 per tonne to AUD826 per tonne based on
the size of the addressable market price."

It must be based on market price not BOA which...doesnt make sense to me but even still its range is $560 with this being the minimum yet the average is taken as from $419- $625 with the average of $521 being below the minimum pricing and then this has further discounts applied.