Ann: Results of General Meeting, page-15

Ignoring all the trolling and instead looking at the numbers:

stage 1 output with floor contract price $550 USD = $775 AUD), costs of $420 AUD/tonne, means $78 million profit per year as a minimum. At the $700 USD per tonne currently realised it’s $124 million profit.

All we we need is a few quarters at nameplate and stability in Li prices, 14 cents appears very very cheap to me.

Then there’s always the wild card of stage 2 getting funded... More than double the profit (costs per tonne fall). A $300 million MCap starts to look laughable.