Galaxy Resources and Me, page-12

Rough Calculation on Mt Cattlin only and it looks over sold.

	Column 1	Column 2	Column 3	Column 4
0	Assumptions	Case 1	Case 2	Case 3
1	USD/AUD	0.75	0.75	0.75
2	Li2O%	5.8	5.8	5.8
3	Li2O Price USD	875	875	875
4	Li2O dmt Per Month	15000	12500	7500
5	Cost Per Li2O dmt	389	389	389
6	2018 Li2O Price =	2017 Li2O Price	2017 Li2O Price	2017 Li2O Price
7	Shares	395140027	395140027	395140027
8	Current Share Price	$2.00	$2.00	$2.00
9	Next 12 months Gross Profit from operations
10	Output	180000	150000	90000
11	Revenue	$ 157,500,000	$ 131,250,000	$ 78,750,000
12	Cost	$ 70,020,000	$ 58,350,000	$ 35,010,000
13	GP USD	$ 87,480,000	$ 72,900,000	$ 43,740,000
14	GP AUD	$ 116,640,000	$ 97,200,000	$ 58,320,000
15	EPS	0.30	0.25	0.15
16	P/E	6.78	8.13	13.55
17	12 Month SP Target PE 10	2.95	2.46	1.48