Talga's Current NPV, page-4

Hi C420

I was only looking at the next 6 months, I always like to be conservative in my projections, better under promise and over deliver.

But if I take a longer term view the following is all possible.

Talga Annual Anode Production Projections
		2024	2025	2026	2027	2028-30	Post 2030
Ore Mined		100000	250000	500000	1250000	2500000	5000000
Graphite Content	24%	24000	60000	120000	300000	600000	1200000
Anode Produced (Recovery Rate)	90%	21600	54000	108000	270000	540000	1080000
Ave Sale Price US$	$11,000	$237,600,000	$594,000,000	$1,188,000,000	$2,970,000,000	$5,940,000,000	$11,880,000,000
Production Costs US$	$2,400	$51,840,000	$129,600,000	$259,200,000	$648,000,000	$1,296,000,000	$2,592,000,000
Gross Profit US$		$185,760,000	$464,400,000	$928,800,000	$2,322,000,000	$4,644,000,000	$9,288,000,000
Admin & Overheads US$		$10,000,000	$15,000,000	$20,000,000	$30,000,000	$40,000,000	$50,000,000
Net EBITDA Profit US$		$175,760,000	$449,400,000	$908,800,000	$2,292,000,000	$4,604,000,000	$9,238,000,000
Less Swedish Corp Tax Rate	20.6%	$139,553,440	$356,823,600	$721,587,200	$1,819,848,000	$3,655,576,000	$7,334,972,000
Less Royalties	3.2%	$135,087,730	$345,405,245	$698,496,410	$1,761,612,864	$3,538,597,568	$7,100,252,896
PE	15	$2,026,315,949	$5,181,078,672	$10,477,446,144	$26,424,192,960	$53,078,963,520	$106,503,793,440
SOI *		350000000	350000000	400000000	400000000	400000000	400000000
Share Price US$		$5.79	$14.80	$26.19	$66.06	$132.70	$266.26
Share Price A$	$0.75	$7.72	$19.74	$34.92	$88.08	$176.93	$355.01
Market Cap A$		$2,701,754,598	$6,908,104,896	$13,969,928,192	$35,232,257,280	$70,771,951,360	$142,005,057,920
* Includes ~15% Dilutioin (via Equity Stakes & Capital Raising) for initial Capex of 19t Plant.
Assume 100t and Further Plant Expansions to be Financed by ~15% Dilution (via Equity Stakes & Capital Raising) and Additional Borrowings Funded from Cashflow.