Good News & Bad News, page-40309

@asb93

Seeing as you asked so nicely, and seeing as we are talking medium term, here is my analysis assuming the following. Tell me what you want corrected.

P1000 completed and hydroxide trains completed
Payout ratio increased to 50% after capital expenditure completed
Valuation based off 4% dividend yield

	Carb/ Hydroxide Price	$20,000
1	Spod Price	$1,500
2	US Exchange	$0.68
3
4	SPODUMENE
5	Sales (1,000,000t)	$1,500,000,000
6	Cost ($450)	-$450,000,000
7	Profit	$1,050,000,000
8
9	HYDROXIDE
10	Sales (43,000t x 30%)	$258,000,000
11	Cost ($5,000)	-$64,500,000
12	Profit	$193,500,000
13
14	Total Profit	$1,243,500,000
15
16	AUD	$1,828,676,470.59
17
18	Less: Tax	-$548,602,941.18
19
20	NPAT	$1,280,073,529.41
21
22	PAYOUT (50%)	$640,036,764.71
23	DIV PER SHARE	$0.213
24	SHARE PRICE - 4% YIELD	$5.33