2021 and beyond, page-6086

I think $40k price is overly optimistic, but after the latest run up in lithium prices I wouldn't rule it out completely as a possibility.

Asuming $4,000 USD cost per tonne, that would mean $1.8 billion USD EBITDA.
Calculating with a Price/EBITDA ratio of 10, that would value Kachi at $18 billion, of which 75% could belong to LKE. Assuming 1.5 billion shares on issue and 1.36 USDAUD rate, that would be a SP of $12.24 AUD from Kachi alone.

To be honest, I don't think that lithium prices will be that high in 2025, but I do expect serious value added to LKE SP from its other projects when they will get assessed. I also expect that there will be an expansion study for Kachi above 50ktpa.

Time will tell.