Chavosh,Now if that return rate didn't curl the toes... then...

Chavosh,

Now if that return rate didn't curl the toes... then there is more...

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I got another's study where they included a chart of project NPV vs Varying Spod prices.

Now I know should never compare apples vs oranges, bit I did, and although some similarity (opex similar, ASIC cost/ton similar, etc) and others not (different mine life, with LiOH plant in 2029, and longer tail).

I assumed that % increase in NPV per ton of Spod @ 1000/ton spot price to $1200/ton for others was same % increase for Core's NPV, and came up with:

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Spod Price. $/ton - - - - gives Core NPV $US Mil

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800 - - - - 277

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850 - - - - 315

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1000 - - - - 474

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1200 - - - - 652

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1287 - - - - 772
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1600 - - - - 1009

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1800 - - - - 1188

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2000 - - - - 1316

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So @ $850/ton Core NPV is $315 million, and at $1800/ton NPV is $1188 million. The numbers are rough and most likely wrong (can not compare apples with oranges) but they just keep getting bigger and better, and I liked them.