Spodumene Price, page-1123

We'll be producing around 170tpa in stage 1 (50% more in Stage 2, at least).

Spot price (6%): USD $6,586 = AUS $9,308.

AUD $514 / ton cost = $8,794.

Discount of say 20% contract price?

Profit of $7,035 / ton gives us $1.196 bn profit p.a..

Our MC is only double that.

Once we are a producer things are going to get really interesting.

We are approaching the end of May. Our first product will ship in around 6 months' time.

I dare say we are very cheap at this SP. I anticipate we'll be over $4bn MC when producing, especially with a resource upgrade and increased production.