future takeover at play here..., page-14

J Deblis,

if they sold SdV it would take care of most if not all of their debt issues - but it would be a loss of a great potential earner. I agree we can't afford the $300M+ to develop it unless KORES agrees to chip in - and there doesn't seem to be other interested parties afaik. If we do sell it we'll have a great lithium carbonate factory in low cost China - and not much else. Mt Cattlin is not economically viable - COP too high and grade too low. James Bay has not been developed and I can't see it being important for us - we should sell that asap. So all we would be left with is a possible 17k tonnes/annum - and Talison can increase the price of spodumene or refuse to sell to us in the future. The great thing about SdV is the low COP and larger amount of Li2CO3. The projected COP at SdV is $2500/t. So that's at least a profit of $4000/t. I think GXY is nothing without SdV - others may disagree.