Mt Marion closing, page-9

at this rate of revenue from BOOMING production and shipping,

MIN will have $3B extra cash by June 2027 easily paying off the $700M bond tranche
and likely will start talking of divvy from December if the current runrate and shipping continues

38MTpa is smashing
35MTpa was the guidance for September but they are doing it in June
WOW.

China is desperate for Lithium
Even Musk said this years ago
They call Li operation loss producing but what they dont mention is that china imports it, refines, manufactures and then flips it for a 800% markup to customers especially for EVs and batteries to the likes of BYD
China is funding this as its essential to their manufacturing production end products which are marked way up and make massive cashflow hence their $1T cash surplus annually from global exports of steel, IO Li Al Cu Ni products,

Chinas BYD for example is solely reliant on these LI Ni imports from outside china such as from Baofeng and Tsingshan and is making a fortune mark up on the sale of their batteries and EVs.
The media implies that MIN & Bao are stoopid to fund this but on the contrary MIN makes revenue on it with profits on the services and Bao makes fortunes on it on the Li product exported globally and even as sold inside china,

my estimate is Bao makes a 800% markup on MIN Li to end product.

IMO-
June Q4 period will be a blowout
shipping blowout 15% above guidance
production blowout 15% above guidance
Q1 guidance increase by 10%
cash likely increased from $450M to $700M
FCF & EBITDA increase
the EPS increase of 73% estimated in April for June to September may even go to 90%+

CE and the BOD have turned this around completely.
BULLISH fundamentals