Now that GXY is back in production, forward fundamentals are...

Now that GXY is back in production, forward fundamentals are everything.

If the plant reaches full production later in the year( 17k tons) and if the price of
Li-Carb battery grade is $7000/ton and if the total cost of production is
$4500/ton after tax then the NPAT should be :

$42.5 mil mil or about 8c/share.

lets assume the market pays 12 p/e

that would give us a SP of 96c

If the plant can manage the super grade of 99.99% and if Iggy can flog it as such, then EPS should lift to 13.5c which with a forward P/E of 12 should give a
SP of $1.62.

So, IMO, the SP should range between 90c & $1.60 over the next 12 months depending on how Iggy and GXY perform and providing that the Chinese
dont do a Handbrake Harry.

Why not write to Iggy and give him encouragement. After all he's there because
he is a lithium marketer ex Tallison and not an engineer.

Cheers
Moorookamick