SDV 10-year offtake discussions, page-6

Yes SDV only peoples
If i add Mt Cattlin in then its around A$7.14 and I left out James Bay

	Column 1	Column 2
0	Calendar Year	2022
1	SDV
2	LCE production tonnes	25,000
3	Price per tonne (USD)	12,000
4	Operating Cost per tonne + royalties (USD)	4,140
5	EBITDA (USD)	196,500,000
6	AUDUSD	0.8
7	EBITDA (AUD)	245,625,000
8	Attributable to GXY (80%)	196,500,000
9	Interest (A$100m debt) @ 10%	-
10	Depreciation	1,740,000
11	Taxes @ 30%	58,428,000
12	NPAT (AUD)	136,332,000
13	EPS of SDV (400m shares)	0.341
14
15	Mt Cattlin
16	Spodumene tonnes	180,000*
17	Price per tonne (USD)	860
18	Cost per tonne incl royalties and marketing (USD)	500
19	EBITDA (USD)	64,800,000
20	AUDUSD	0.8
21	EBITDA (AUD)	81,000,000
22	Interest AUD (USD 40m debt)	3,500,000
23	Depreciation	344,148
24	Taxes @ 30%	23,146,756
25	NPAT (AUD)	54,009,096
26	EPS of Mt Cattlin	0.135
27
28	Total EPS	0.476
29	PE	15
30	Target SP	7.14

*assuming new circuits to be introduced brings the recoveries to 70%