For anyone interested in the Canaccord note, I sent the...

For anyone interested in the Canaccord note, I sent the following message to GXY today. In case they don't reply I thought I would post it here. Perhaps some one can clarify the apparent discrepancy.

In your revised Sal de Vida DFS of 22 August you highlighted
“Post-tax NPV of USD1.043 billion at 10% discount rate (real)”
1.043 billion US dollars is equivalent to 1.37 billion Australian dollars.
In the Canacccord Genuity Sal de Vida DFS update, also of 22 August they stated
“Assuming Li2CO3 prices of US$12,500/t, we derive a risked project NPV10% of A$595m”
595 million /1.37 billion is 0.434. Noting that you have promoted their valuation on the GXY website, will you please explain why they are using less than half the value you stated as a basis for deriving their revised project valuation?
A 775 million Australian dollar difference is surely worth an explanatory note to shareholders.