Ann: Additional Spodumene Sales Agreements Secured with Yahua, page-92

Once the mine gets over its teething problems and is at full swing, company announcements suggest 175,000 tons per annum.
That's about 15,000 ton a month at US $4500 or approx. US $4000 after costs.
175,000 X US 4000 = US $700,000,000 per annum. Or AUD $1,040,000,000.
Using a PE of 4 that equates to a company value of AUD $4billion and atm we are at $1.4billion market cap.

Someone earlier was concerned that a major shareholder must be sell. I'm not so certain and it could be nervous retailers getting stopped out, but I can be pretty sure the BEOT have done their fair share of buying at these prices. It will be interesting to get the next major shareholders report.
GLTAH, Tinman9.