Lithium & The Future, page-4507

How did you get 50c a share? dart board?

Spod shipped and sold per year = 220,000 t

Total cash cost to produce per t = $400 USD
(Operating cash costs are expected to reduce to between US$350 to US$380 wmt in H2 2019 based on recent increases in production volumes, improvement process initiatives mainly focused on process plant recovery and more favourable mining costs. - Jun Qtr report. Bit of fudge added)

Spod Price = $600 USD /t (I'm pessimistic or is it optimistic..)

Margin = $200 USD / t

Profit = $44,000,000

Shares outstanding = 2.33 billion

Earnings per share = 0.0188 c/share USD,
0.02697 c/share AUD

Exchange rate = 0.7 USD/AUD

P/E ratio = 10

Projected share price = 0.2697 AUD/share

If my calcs are correct, you'd have to double the profit to make it worth 50c a share.