Below is my updated calculations based on my assumptions. (some...

Below is my updated calculations based on my assumptions. (some might agree and others might not, and that is ok). Hope you find it useful.

I'm interested in clarifying the difference in market cap calculations based on SOO. Why is there a difference?

Also, if anyone can shed some light into what tax rate is paid in Argentina and how are corporate tax and tax credits treated there?

AGY valuation
		2022	2024		Current Price		Assumptions
	Lithium price per Tonne				$62,300		Check current price of Lithium Carbonate 99.5% in CNY (convert to US$) at
C4	2022	$45,000					Lithium Carbonate 99.5% price in CNY
	2024		$45,000
							Assumption ignores Tonopah project, and only considers the existing 2,000KT plant and the proposed expansion to 12,000KT plant. Assumption also ignores the funding costs to build the 12,000KT plant.
	Production cost per Tonne
C8	for 2,000KT	$10,000
	for 12,000KT		$10,000
							The 12,000KT plant permitting approval is expected in late 2022, with construction expected to begin in early 2023
C11	PE Ratio (Range 10-20)	10
	Current Share Price	$0.37					Potential for increased JORC (Joint Ore Reserves Committee) - indicated resource of 245,120t Li2CO3 at vertical depth of 102.5m. Additional exploration target of 262,000 to 479,000t contained Li2CO3 within depth interval of 102-300m below ground level. Combined JORC estimates outline potential for 507,000 to 724,000t to a depth of 300m. Brine acquifer still open at depth with potential for further drilling, expansion and project life.
C13	Shares on offer SOO	1,266,271,704
	Current Market Cap	$468,520,530
C15	Puna Share	22.5%	10%
C16	Argentina Tax	25%
C17	$US/$AUD	$0.70			$0.69
							2000Kt plant is 94% complete, fully funded, on schedule. First production late 2022
		July 2022	July 2024				Sentinel Satellite Image of Rincon Project
C21	Output Tonnes pa	2,000	12,000
C21 x C4	Gross Revenue in $US	$90,000,000	$540,000,000				Weaker Australian $ increases profit in AUD
C21 x C8	Operating Costs in $US	$20,000,000	$120,000,000
	Profit in US$	$70,000,000	$420,000,000				Puna Share is 22.5% dropping to 10% upon completion of 12000KT expansion
minus	Puna Mining interest	$15,750,000	$42,000,000
minus	Tax Argentina (25%)	$13,562,500	$94,500,000				Could not find accurate info on Argentian Tax and tax credit for the losses incurred during the first 5 years of operation.
	After Tax in $US	$40,687,500	$283,500,000
	After Tax in $AUD	$58,125,000	$405,000,000
	PE multiple	$581,250,000	$4,050,000,000
divide	Divide by SOO - Fair value per share	$0.46	$3.20