January 2019 Study – Headline Metrics
NPV(8%, real, post tax) A$421M (Range of A$316 to A$526M)
IRR 38%
Payback <3 years
Free Cash Flow A$762M
Average Cash Flow ~A$100M per annum
Plant Capacity 2Mtpa (Li & Ta)
Annual Production ~360kt SC6
LOM SC6 PRICE A$900 (US$650/t) FOB
LOM Opex ~A$428/t SC6
Capex ~A$232M
Not very different (except for the location) but LTR already on 200 MC
PSC Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
