Ann: Siviour Battery Anode Material Study Results, page-316

"The fastmarkets price forecast has been adopted for the BAM study" P33

If I'm understanding correctly, RNU used the forecast price of PSG ($4,716) for their revenue projections?
By their own report this is almost 2x the current spot price. 2.5x if you go with Bombersmadd's price.

So at a minimum, the spot price has to double by the time the project is operational for the DFS numbers to hold?
I don't know how to feel about this. Would like to understand more about why they are so sure the price will 2-2.5x

Also hoping somebody can help clarify if "Year 00" in figure 16 (P22) means 2023. If so, looks like meaningful PSG sales to begin in 2025 is that correct?