There is no point arguing, look at the math.
Worse case 600/t and 150kt for the year.
Cash cost 350.
600 -350= 250 net profit.
$250×150000 t= $37.5m US = $55m aud.
Cash in hand $250m + 55=$305m MC $500.
Est. production is not 150 but 180 to 210.
Production rate 220 to 240kt.
Contract price 650 to 750. Ajm floor price 585. A40 680.
Customer had capacity of 15kt every 3 weeks without upgrade. With upgrade x2.
Its MtC alone. Not including SDV and JB.
Sdv has the best legal mind in the country and a production team established, working with catarmaca university (National) and Argentina government.
JB working with cree nation. Interests from North American autos. To be mined and processed in North America not china.
Every auto makers are going EVs. Battery storages (home and grid).
India planning to have 6×10gwh by 2025. 12 by 2030. One by 2020. 80% of vehicles are two and three wheelers. 150cc ice and under will be banned by 2025.... 1.5m death per year related to air. India Autos either change or pay compensation to victims. Oil imports to be reduced. $4b to be invested for 4x 10gwh gigafactoroes by the Modi govt. 1.5 times sdv will be required just for this.
Why amazon and ford invest 1.2b US into rivian?
Softbank another 2b in renewables?
Wv 50b for batteries?
Infrastructure installed now around the world. To be used in ten years time or now?
Make your own mind up.
GXY Price at posting:
$1.24 Sentiment: None Disclosure: Held