Ann: Rincon 2,000tpa Li2CO3 Operations Update, page-38

Can somebody update their numbers based on latest information as to our best guess of revenue, earnings, and then P/E to get a company valuation based on just what we know with conservative - say P/E x15 but for 12kta (I'd consider that expansion a given) - and then more aggressive with same P/E for for the extra 10kta and then a P/E of up to 25 for various production rates. To work it back to SP, we may have to allow for some dilution, but the way prices are we could possibly almost self-fund, albeit a bit slower.

Personally, I'd rather we move as fast as we can - with development of Stage 2 and proving the 2kta industrial production being on the critical path and intersecting, ie once production is proven we are ready to commit major capital items and charge full speed for Stage 2 - w/out cash restrictions.