ASX Today, page-23059

You don’t need very detailed calculation to make estimates when the spodumene price is moving by the thousand.
Fmg has a long history of paying 10-15% dividend. BHP around 5-6%. LTR’s $1 dividend represents only 10% at a SP of $10, and 15% at a sp of $6.50. Remember guys, dividend is partly based on free cash flow. If we don’t fall for the same stupid errors that others made necessitating constant plant and tailings upgrades that cost hundreds of millions annually, free cash flow will be much higher. Also, Depreciation and amortisation expenses don’t entail cash but are added back in calculating free cash flow, that is for more cash flow available than net profit after tax.