Ann: December 2021 Quarterly Activities and Cashflow Report, page-20

Correct!!
1392-452=942 Old margin
3000-452= 2548 New margin, 2.7x the old. 11b is conservative.

Not even taking into account the premium grade

Some peers only have 10% of our resource but are modeling very high production volume. What's the implication? the resource will quickly deplete like Mt Cattlin.
KV on the other hand has 23 years modeled which included 79mt, but the resource can last 40 years or more as its got much more potential resource expansion, esp high grade in NW.

TO also highlighted LTR's also going to get the right signal and be agile....it can produce either carbonate or hydroxide down the track depending on demand.

its a very attractive resource. everything is possible.