Ann: Wodgina Project Update, page-11

Could some help me here check something. Last line in announcement EBITDA expected 2018 of $500Mill Aus and we have a MC of $3.1B only, MIN Woodinga plans are a 750,000tpa Li spod output, PLS is today commissioning a 320,000tpa plant and estimating to bring in $276Mill Aus EBIT, next with their stage 2 plans of 800,000tpa for approx $740Mill Aus EBIT in a few years time. Come Mar 2019 MIN plans to be commissioning a 750,000tpa plant at Woodinga so let's say approx $690MillAus EBIT, so am I correct in assuming in under 12mths time MIN could be a $500+$690Mill= $1.19Billion EBIT Aus company ? What PE do most miners trade at now ? Disclosure I hold MIN,PLS,AJM,CXO, and several other LI,Co Aus stock. and plan topping up on MIN Monday at these prices !