Very impressed by management with this one. - Leo Lithium the...

Very impressed by management with this one.

- Leo Lithium the next lithium producer off the blocks

- Rapid development - FID Q4 2021, spin out Q1 2022, production 2023

- Ganfeng locked in

- Finance & offtake secure

- Process optimisation underway to increase profits

- Only FFX SH to receive shares in Leo - confirmed for FREE (this should start to kick up the demand for shares so that new investors receive their entitlement in Leo)

- Entitlement raising going to SH first = no dilution, and shows the BOD are looking after SH on this one

- "Resource supports organic growth [] expansions in production capacity" - imo 5mtpa study coming

- With the additional >450ktpa of SC6 produced in that scenario, will FFX & Ganfeng look to vertically integrate enabling lithium hydroxide to be supplied directly into Europe?

DFS NPV shows $1.7B at $666/t SC6. Current SC6 spot price = $1360/t.

Retaining the DFS assumptions & upping the mine throughput to 5Mtpa = ~960ktpa of SC6.

Goulamina already has a lowest cost quartile AISC of $313/t, which would reduce further in this Stage 2 scenario to perhaps <$250/t. Let’s say $300/t to be conservative, and use a sale price of $1250/t.

This would result in an EBITDA of A$1.24B per year (45% attributable to FFX).

This is coming in 2023! Take your positions and good luck.