2021 - General Discussion, page-3436

Hi AletLeBains, context is important. These numbers are being thrown around in the context of what it would take to be added to the ASX 300. It is impossible to accurately predict the SP when we don't know what the terms of the Alcoa JV will be or how the market will react to the announcement (if/when it comes). That said, I think we all agree that there is a lot of blue sky potential for FYI if things play out the way we think/hope they will.

Over on the ADN threads @wombat777 has posted some really interesting calculations. Of particular interest to me is his calculation for a 2,000tpa 5N production facility (AUD $333.8m post-tax NPV). It is not inconceivable that FYI could do something along these lines to establish a footprint in North America. I have great respect for Wombat's analysis so am happy to draw on his numbers for some guidance on project metrics. Here is the link to Wombat's post:- https://hotcopper.com.au/posts/54545465/single