Oh No - Another Valuation Thread!, page-13

Like I said CXO wont be sitting on accumulated cash they will have to use it, either on dividends, share buy back, increase in name plate capacity, increased exploration and/or potential Hydroxide production.

All of these potential use of funds need to be extrapolated in these types of spreadsheets to highlight the various impact of such scenarios (i.e. exploration success would be the catalyst for increased nameplate capacity).

This would give better visibility on what the potential is for CXO dependant on what path they take.

As it stands the spreadsheet is a point in time with no implementation of strategy taken into account therefore why I question how to value a reducing in earnings as stated in the spreadsheet.