Ann: Webcast Details for PFS Release on 23 October 2018, page-8

I'm not very familiar with KDR's lithium 50% JV project, but given that they have a similar mcap and recently updated their PFS it might be interesting to compare against GSC's PFS when released tomorrow. Some bullet points from KDR's PFS:

• Projected annual average production of approximately 45,254 tonnes of LiOH (equivalent to 40,000 tonnes per annum of LCE - Kidmanshare 20,000 tonnes LCED equiv).

• Total integrated capital cost of US$601 million (Kidman share US$300 million),excluding contingency.

• Globally competitive C1 cash operating cost (excluding state government royalties andcontingency) of US$4,487 per tonne of LiOH.

• Outstanding project economics: post-tax NPV10% (nominal) of US$2.3 billion at Roskillpricing (US$3.5 billion at spot pricing) with robust margins, rapid payback (3 years)and a strong IRR of 27.7%. 

KDR up 17% on this news today.