Ann: Quarterly Activities Report, page-1075

Hi Blitz,

Is this a serious question or do you really not understand how to work out the average basket price? It is very easy to work out WKT's future NPV based on the current Graphite prices. I am sure you can even work it out,

The Revenue for the NPV is based on 40ktpa of graphite using a basket price of US$1515 per tonne,

If we assume the annual production is constant, you simply adjust the forecast basket prices per tonne with the current graphite prices.

I.e +50 Mesh makes up 34.5% of WKT basket, which is seeing ~US$1450 per tonne (based on WKT's AGM presentation slide), not the US$1850 as forecast in the DFS. = US$138 for the average basket price.

Once you have worked through all the different mesh sizes, you will be able to work out how much different the revenue will be to the DFS forecast, you should work out it is around 15% lower based on the +32 and +50 mesh, then you use the table from WKT's DFS to determine the NPV (brown line). with the current prices indicating a 15% discount = US$150mil NPV.





Once you have the NPV from the table, you convert this into Australian dollars, then divide it by the number of shares on issue.

This will give you WKT's current NPV per share based on the current graphite prices,