Fundamental Analysis

I've been looking at the various scenarios of variables moving forward to see what kind of share price we might end up with.

Using what I believe are some very onerous inputs for variables, the share price still ends up as multiples of what it is today.

Using 14% Spodumene Recovery at a downstream processing cost of $450/tonne with spod price at $1400 only, an exchange rate of 80 cents, minimal Ta credits (<$25/t) a production efficiency of less than 75%, an extra $200million of capital debt, and further share dilution to 1.85b. I still estimate this to be worth around $3.10 per share for the 5MTpa case. This is an almost worst case scenario I think. The variables are much more likely to be in our favour.

Interested to hear what people think of the variables. What do people think the downstream processing cost will likely be? Does anyone have some interesting data of the spodumene market price or recovery rates for other mines?