trying to value gxy, page-8

If we cant get finance then we should reallocate 50% of Sal de Vida to the KC. The KC has only paid for 4% of its share of Sal de Vida. The other 46% would almost entirely pay for the SdV capex because the pre-tax NPV of SdV is US$645m.

They should restart Mt Catlin and run it flat out. Mt Catlin has 15 years supply of spodumene for Jiangsu. They should sell 2-5 years of that on the open market to increase revenue and plan to develop James Bay within 5-10 years. This would guarantee max revenue from activities and provide low cost spodumene supply to Jiangsu for 20-30 years.

They should add production facilities to Jiangsu to value add on their product. e.g. LiOH, Li metal, Li cathodes, Li batteries, etc. These products produce 90% more profit than Li2CO3 production.

It is a pity we have a management who appear only interested in giving away 50% ownership of $800m worth of assets for a $40m return from a rights issue to pay their salaries and bonuses.