future value, back of envelope, page-6

Good effort Ivory...I expect the scoping study will blow those numbers out of the water though.

I'd suggest:

- CAPEX should be around half of your estimate, though at least sub $100m

- Production kTPA (of graphite) will likely be significantly higher that 100 kTPA though this will be dependent on the discussions they've been having with potential buyers.

- OPEX should be much lower than $800...I'd guess less than half that

On price achieved, no idea what they'll use but $1,200 you quoted seems like a good starting point.

Anyway, hopefully we'll know shortly.

Cdchi1