KV future speculations, page-106

You need to learn to read your own Ann.
1. At 2mtpa the IRR is 37% full stop, and they are selling 6% spodumene concentrate.
2. At 4mtpa, expect IRR to be higher than 37% called economies of scale.
3. At 4mtpa, expect IRR could be even higher because get to the decent high grade resource so can produce above 6.5% Li20, because of the NPV benefits of bringing product greater than 6.5% foward earlier. Your Ann IRR is based on 6% grade spodumene.
4. If you can't u detstand how NPV/IRR work I can't help you.
5. All the IRR figures are leveraged of the spdumene price assumption.
6. Specifically rather than throw asertions around what do you specifically disagree with, with the above interpretation of your Ann. Reference the Ann and say where I have misinterpreted.
All IMO