Ann: Galaxy Confirms Lithium Concentrate Pricing for CY2017, page-98

Rlith

Good stuff but a couple of suggestions:

Edison valued GXY at .75 and that included .20 for Mt Cattlin - hence .55 for the rest.

If we look at Mt Cattlin I suggest the following:

160,000 tonnes for 2017 - per their advice in recent presentation
lets say an av $us 875 = $132.8 mil or $177 mil Aus

now cost - this is trickier. I recall - but can't find it - being $300! but lets use your figure from Edisons of $400 which gives us a net figure $113 mil for Mt Cattlin and if we assume a per of 12 this gives us a market cap of $1.356 bil divided by 1.832 bil shares gives us a mt Cattlin price of .74 plus the Edison valuation of .55 for the rest = $1.29!

Then say less 10% for !!! = $1.16.

Cheers