Ann: Manono Project Update, page-127

Not that i was looking to challenge, but there is a gap in your numbers.



If the road/power are to cost $345m, and the 40% share of the total CAPEX is $260m, doesn't this mean the an additional $85m will have to be funded by shareholders?
This split would also push the CAPEX up to $390m as a "goal seek" number.

I fully understand that it's super early stages and this is a back of the envelope calculation, but the reality is that this calc is flawed.
It would mean Mano picks up $390m + $85m JV Partner shortfall; coming to $475m CAPEX bill that goes on top of the bidders price.

So the current AVZ m/cap is $446m for just the 60% and then the buyer needs to fork out another $475m.
So if i wanted to extract lithium out of this puppy it would cost me $921m just to buy the 60% ASX listed bits.

Yeah?
Or have i calced this incorrectly?