BELL POTTER | | LTR | 2025- @$1200| 2025-@$1400 SPOD PRICE...

	Column 1	Column 2	Column 3
0	BELL POTTER
1	LTR	2025- @$1200	2025-@$1400
2	SPOD PRICE ASSUMPTION	$1,200	$1,400
3	TANTULUM PRICE(US/LB)	$84	$84
4	SC6 SALES (TONS)	325,000	325,000
5	TANTULUM SALES 30% (TONS)	339	339
6	SC6 REVENUE (MIL)	$390	$455
7	TANTULUM 30% (MIL)	$57	$57
8		$447	$512
9		$0.69	$0.69
10	AUD REVENUE (MIL)	$647.76	$741.96
11	OPERATING EXPENSES	$(540.00)	$(540.00)
12	DEPN & AMORTISATION	$(45.00)	$(45.00)
13	NET INTEREST EXP	$(32.00)	$(32.00)
14	NPBT (MIL)	$30.76	$124.96
15	NPAT (MIL)	$31	$125
16	2025 OPEX/TON (AUD)	$1,662	$1,662
17	2025 OPEX/TON (USD)@68c	$1,130	$1,130
18	NO OF SHARES (MIL_	2,440	2,440
19	PRICE	$1.085	$1.085
20	MARKET CAP (MIL)	$2,647	$2,647
21	PE MULTIPLE	86.08	21.19