Ann: Moblan Lithium Project Definitive Feasibility Study, page-41

All you can say is WOW. Significantly profitable from day 1. Even in this climate with current prices.

What can you say . Strip ratio of 2.3 simply amazing , payback in only 2.3 years. free cashflow over life of project of C$6 billion . Almost 75% recoveries on AVERAGE feed grades of 1.36% 6% concentrate grade...... that's on AVERAGE annual production of 300,000 tonnes resulting in a post tax NPV of C$2.187 billion.

I note that this DFS is priced in CAD & USD only , and which is significant in that its obviously priced this way to pitch to attract a North American partner.

Pre production period of 3 & a quarter years at a initial cost of C$962 million.....so right away based on the existing project structure , Quebec would be up for its share of C$384.8 million . Wonder when we are likely to get some of this given the pre-production period is only 39 months starting I guess NOW.

Lovely set of numbers and a lovely day. And presto there is our 7 cent marker earned back just like that......

Will continue to digest the rest of it , but that was just on first glance over.