Ann: 121 Frankfurt Conference Presentation, page-22

Spodumene concentrate price is still going up, new auction price fetched USD$8,575/ton for SC6.
Massive profit for cost less than US$500/ton.

LLL DFS price is using average spodumene concentrate price of USD$978/ton, coming up with post tax NPV $4.2B on a 100% basis.

Canaccord put a price target of $1.90/share at spodumene concentrate price of US$1,200/t;
LLL price target is $4/share at spodumene concentrate price of US$2,500/t.

Back in July 2022,

Goulamina: Ganfeng aims to complete construction and commence operations in late 2023 to early 2024.

It seems their note re early production is spot on.

All imo.