They did do studies internally. They mentioned that in the webinars. If I remember correctly, they used a long term LC price of US$18,000/t when spot was many multiples above that at the time and the $18k gave a NPV in the multi billions. I'd imagine that study was made available to the interested parties. I think the current quoted price in China is closer to US$10,000 but I don't know what the contract price is or what the current expectations of long term price might be. I'd like to know what the NPV might look like at US$10k but also what the current contract price is and what the consulting firms and analysts are predicting as the long term price. If most Australian producers are losing money, you would think prices have to recover significantly for spodumene which would push LC prices up.
