2022 Charts, page-1338

Assuming a full years production of our 77.5% or 1550/t and using $US8000/t costs ( updated to take into account of inflation) then its not difficult to come up come up with a rough EBITDA figure for whatever Lithium price and exchange rate you choose to use.

If we take a more modest but very good average price over the next 12 months of $US 50,000/T and a probably more realistic exchange rate of 75c to the dollar , take off the $US 8000/t costs then we would end up with an EBITDA of around $A56m with tax to come , dont know where we stand with tax credits. Any free cash going towards expansion and minimizing debt.

Obviously Lithium prices , actual production costs and exchange rates mean the variables are considerable but I would be more than happy with the above and be delighted if they exceed it.

The real games begin when we produce 90% of 12,000tpa which has mulplier effect on production of 7 times ,going from 1550 -10800/t, or 14 times at 24,000tpa and so on, that means our profits grow even at lower prices by volume alone.

if they can eventually prove up resources of 1 million tonnes contained Lithium by drilling deeper this round, as hinted at at the AGM , that represents 50,000tpa for 20 years.

It's all about building a company ,that takes time and in fact never really stops, plus we have potential at Tonopah as we go...

Cheers Whisky