Buy?, page-24

This stock is a STRONG buy, according to my excel spreadsheet.

Even on a very conservative P/E of 9 this stock worth 71c today and 82c in less than a year.
Here it is:

	Column 1	Column 2
0	cost to produce per Tonne (AU)	316
1	FY18 productiion estimate	219000
2	Liuthium cocentrate price (USD)	950
3	AUD/USD	0.80
4	Capital costs AU	$139,700,000
5	Annual interest (15%)	$20,955,000
6	Other long term debt	$17,000,000
7	Long term debt repayments (10%)	$1,700,000.0
8	estimated profit AU	185,541,000
9	Number of years to complete	0.9
10	Discount per year	15%
11	Adjusted profit AU	$160,073,592
12	P/E	9
13	market cap	1,440,662,324
14	Cash	37,000,000
15	Enterprise value	1,477,662,324
16	Share options	530,000,000
17	Number of shares	1,541,300,000
18	fair value share price	$0.71