Ann: Extension of Voluntary Suspension, page-29

Tcb007
9 billion is a touch more than in the PEA ,but close enough.
EBITDA – 25 years assumed $US Million 1,728 1,728 8,987
(8987) after tax over 25 years

Key Financial Parameters Capital Cost1 $US Million 121 10 483 Operating Cost – Per annum $US Million 16.5 n/a2 134 Price – NaBr $US/tonne 5,280 5,280 5,280 Price – Li2CO3 $US/tonne 13,000 13,000 13,000 Cash Cost (AISC) $US/tonne NaBr 1,096 1,096 1,096 Cash Cost (AISC) $US/tonne Li2CO3 n/a n/a2 3,673 EBITDA Margin NaBr % 88.1 88.1 75.7 EBITDA Margin Li2CO3 % n/a n/a IRR Pre Tax % 40 39 43 IRR Post Tax % 33 32 36 NPV (7%-disc rate) pre tax $US Million 576 566 2,673 NPV (7%-disc rate) post tax $US Million 415 408 1,934 Payback period Years 2.16 n/a2 1.474 Sales – Annual3 $US Million 91 91 556 Sales – 25 years assumed $US Million 2,251 2,251 11,932 EBITDA – Annual3 $US Million 69.8 69.8 420.9 EBITDA – 25 years assumed $US Million 1,728 1,728 8,987

Sales
Sales – Annual3 $US Million 91 91 556 Sales – 25 years assumed $US Million 2,251 2,251 11,932
(11932) in sales over 25 years

So why did this company fall to a 10 million dollar market cap before this PEA was released to market ?.