Yeah - If that said battery grade rather than "for power...

Yeah - If that said battery grade rather than "for power battery" and if it was 99.5% grade that would be helpful. I don't even know if there is an international standard for LFP. Chinese prices have a 13% VAT and there are some other factors that make them higher than international prices, like the unsuitability of the Chinese legal system for dispute resolution with foreigners. I'm aware of the stoichiometry being 4.2:1. It does seem like longer term, the prices would theoretically adjust to ($Li2CO3 + $conversion cost) x earnings margin factor x 4.2, assuming things remain as they are.

But then if lower cost LFP min proc can reduce the cost of the LFP material as an input, then that throws in a big x-factor that could give LIT an advantage.

I often assume claims from management of speccie stocks is exaggerated, but that "disprovable" statements will nearly always be true. That doesn't mean I necessarily believe that the end NPV is of any help without significant input detail.

cheers