Ann: HMW Project Achieves 1,000t LCE Contained Inventory, page-37

Hello mondyinvest,

once again you have made a mistake in your figures.In your first post 90 million US $ minus - 2.5 million A$ SPP and -15 million A$ "Acuity" you were already on the right track.The result of this calculation would have been only US$ 77m.What you didn't take into account is that the chart is from 31 Jan and another quarter has passed in the meantime.Less the assumed cash cost for the Quarter of AUD 12 million = US $ 7.8 million, that would be US $ 69.2 million.

In your second post you were almost close to the target, as you referred to today's announcement. ‘capital expenditure accounts for 33% of the Phase 1 budget’. Mathematically, everything is correct and you arrive at US$ 79.3 million. But here you forgot the two factors you listed in your first post.Minus - A$ 2.5 million SPP and - A$ 15 million Acuity, we end up with approx. US $ 68 million

Not at all not that far off from merweis' assumption.

Have a nice evening
Smiith71