$2 Club, page-483

To get to this magic TBC figure -
POS MC needs to go to $6.1B with $1.0Bpa revenues at 30ktpa production, ebitda of $600Mpa at a low PER of 10.0 (WSA was 40.,0 PER, so very achievable)

This is achievable only if NP stays above 10.00 (tick), POS can keep capex/costs low (tick), POS is producing (LOL) and BS is producing at the 2.2MTpa ratio (nameplate capacity) and LJ has restarted also (future) at an average grade of min 1.0% (tick/easy).

Both mining precincts are now way profitable with NP at 10.56 uslb.

In 2015 the BFS proved that LJ is profitable at $4.00 uslb (then $5.31) based on a 30% higher AUD$ & a 50% lower NP.
In 2014 the DFS engineering outcomes proved that WtoBS mine plan was profitable at a $3.00 uslb ($4.05 CCosts then) based again on a 30% higher AUD$ & a 50% lower NP & 95% higher transport cost of W to BS now nominal as its nextdoor to the mine.

If the processing cost is aud$0.84 uslb then the mining cost should be around $2.00 plus royalties at 0.5% total AISC estimate is now max $4.00 so at 8.50 NP this is SUPER HIGH MARGIN PRODUCTION.

at a current NP of 10.56 this is 24% higher than that even!
So either NP goes higher, POS starts production and FTM increases to 2.2MT with LJ going online and kapow, TBC is achievable,
many IFs as market doesnt believe POS is making any production ebitda or revenue at all for the next 10 years or that its mills are worth 20% of their rebuild cost at the current SP.

TBC is achievable,
NO JOKE.