Deutsche Bank & DSO, page-48

Good trick now how many you planning to buy?

DSO cost of production needs to $55 tonne like iron ore if not more given lower production rate.

Wodgina IO mining was around $55-60USD for atlas. All being the same lithium should be $80-100USD lower ptoduction rate than IO. 4 tonnes at 1.5 percent before processing costs is $320-400USD.

Add in chinese step 1 process to 6 percent that will be $500-600USD cost per tonne allowing for trucking, storing and processing which is higher production cost then GXY. I assume GXY will be at $400USD production cost.

It would be a very high cost producer in China and MIN. If prices did fall they would shut up shop first before GXY.