Positive Contributions, page-12

Hi SuperNinja,

I'm confident the NPV's reported in the DFS will be well in excess of $1Bn.

The assumption I am making is that a plant of at least 3mtpa will be considered, and price sensitivity analysis will also be included.

Hopefully we see NPV's calculated at the following price points for 6% spodumene concentrate;

$450p/t
$600p/t
$700p/t

Of course investors/institutions can calculate their own NPV's using different price points, but IMO the company should include it in their document. The PFS was very conservative, time to include a bit of analysis showing potential at higher prices IMO.

The selection of an off-take partner pre-DFS release may render the above mute, as I assume they'd just plug in the agreed off-take contract price?

Cheers!