Right reflecting on Sams presentation the key points were they...

Right reflecting on Sams presentation the key points were they are getting offtake at cost and Scandium will not form part of the offtake arrangements.
Presuming its based on a cost of 1800mUS and there is 900m in us debt, and 245m usd special export loan (400 million AUD), then the equity off take without Scandium and without a price being attached to the credit support will cost somebody 655m US. Thats equivalent to 36.4% of the cost or 454.8million US of the NPV of 1.2billion US. So residual NPV to shareholders without Scandium and without credit support taken into account (which will add 100m's to NPV) IS 795.1million US. Converting to Australian dollars give a value to shareholders of 1132million AUD. Dividing by the number of shares issued that gives a share price at todays cobalt and nickel prices of 13.09. I suggest you check the numbers. With Scandium and the credit support this is $15 share in the making.