Ann: Investors Back Moblan Acquisition With A$100m Placement, page-57

Think bout this simple calcs:

1. spod prices - 2000 US$/t (conservative)
2. moblan resource - 12 mil tonnes at 1.4%
3. potential recovered spodumene = 12mil tonnes x 80% recovered = 9.6mil tonnes (conservative, higher recovery rates possible with high grade deposit - li20 cut off at 0.8%)

4.operating cash cost = 650 US$ per tonne produced at wmt basis x 9.6mil t (conservative compared to say average of 350 $ / t for equivalent processing at AJM before and also considering wmt to dmt)

5. Potential revenue on Moblan on spodumene alone at conservative prices = (2000 - 650) x 9.6mil ton spodumene = 12.96 Billion $$$

Not even considering lithium hydroxide convertions here but the Moblan resource at its current state alone has been acquired cheap as chips...

90mil $ rough vs a potential revenue on spod stream of 13B$...

No brainer investment for those sophisticated and big fishes to buy at 0.145c.. and a small fish like me will do same