Phoenix Water - PXW - Lithium - 100x, page-727

"You need to convert resounce to lithium content using their grade."

LCE is lithium carbonate equivalent. It is calculated from the volume of brine times grade. Grade is already factored in. 12.4mt LCE resource at 200ppm grade contains the same amount of lithium as 12.4mt LCE resource at 400ppm. The lower grade resource is contained in twice the volume of brine.

How can they use NPV to compare valuations when there have been no studies yet?. The webinar suggested resource size based valuations so that is Probably what will be used.