Reads pretty good to me. I like the highlighted highlights...

Reads pretty good to me.  I like the highlighted highlights below.

HIGHLIGHTS
• Preliminary Economic Assessment (PEA) completed by independent consultants, BBA and Primero, outlining a preliminary base case scenario for a staged development of the cornerstone CV5 Spodumene Pegmatite, via both open pit and underground mining methods.
• High-grade Nova Zone1 (including 21.8 million tonnes at 2.1% Li2O of which 93% is Indicated, 7% is Inferred Resource category respectively) to be targeted and prioritised via underground mining methods, allowing direct access to higher grade material and minimizing the environmental footprint.
• At the targeted Stage 2 production rate of ~800 ktpa2 spodumene concentrate, this would potentially position Patriot as the 4th largest spodumene concentrate producer globally3.
• Potential pre-tax net present value (“NPV”8% of $4.7 billion (US$3.6 billion) and after-tax NPV8% of $2.9 billion (US$2.2 billion) with a pre-tax internal rate of return (“IRR” of 38% (after-tax IRR of 34%) at US$1,375 per tonne (SC5.5, FOB Bécancour basis).
• Payback period of 3.6 years at an assumed average lithium price of US$1,375 per tonne (SC5.5, FOB Bécancour basis) or US$1,500 per tonne (SC6, FOB Bécancour basis), with life of mine (“LOM” of up to 24 years.
• Targeting to become a North American top-tier, lower cost producer with an estimated average LOM cash operating cost4 at site of $510 per tonne (US$387) and total cash operating costfree-on-board (“FOB” Bécancour)1 of $736 per tonne (US$560)2.
• An estimated break-even SC6 price (on a fully ramped 800 ktpa, EBITDA, FOB Bécancour basis) of US$587/t highlights the potentially viable nature of the Shaakichiuwaanaan Project throughout the lithium price cycle.
• Estimated to indicatively generate approximately $8.3 billion in Project Cash Flow (unlevered) over LOM.
• Average annual EBITDA3 anticipated to be in the order of $850M and annual FCF4 of $515M at an assumed spodumene price of US$1,375 per tonne (SC5.5, FOB Bécancour basis).
• Phased development strategy with anticipated Stage 1 capital expenditure estimate of $761M (US$579M) for the first 400 ktpa capacity including contingency and Net Capex of $640M (US$487M) leveraging the proposed 30% Canadian Clean Technology Manufacturing – Investment Tax Credit (“CTM-ITC”5. • Estimated Stage 2 expansion Capex of $504M (US$383M) including contingency and Net Capex of $408M (US$310M) leveraging the proposed CTM-ITC, to reach a production capacity of ~800 ktpa of spodumene concentrate per year.
• The combined net cost6 to reach nameplate production for both Stage 1 and Stage 2 is estimated to be approximately $608M (US$462M) taking into account funding that could come from both cash flows from Stage 1 and proposed CMT-ITC tax credits.
• Process plant feed rate following Stage 2 expansion at an average of ~4.5 Mtpa7 via simple DMS only process; average LOM lithia recovery of 69.5%; spodumene concentrate grade at 5.5% Li2O.
• Access to existing, high quality transportation infrastructure with potential future improvements in the region combined with a low-carbon footprint, low cost and mainly renewable electricity source.
• Tier 1, stable mining jurisdiction of Eeyou Istchee James Bay region of Québec (under modern land claims agreement – James Bay Northern Quebec Agreement “JBNQA” combined with a strong relationship with the Cree Nation of Chisasibi, Cree Nation Government and all stakeholders.