Under $0.15, page-84

i assume and am encouraged by the fact that they’ll be processing inventory through the wet season commencing soon. If the trend in recoveries continues to improve then the 2 factors combined should make for strong cash generation. With $200 mill on balance sheet, if they can meet earmarked spending whilst generating material cash, then tgey’ll emerge from this period with a still strong balance sheet. Lithium prices will turn; there is just not enough capacity coming on-stream to meet longer term demand, and the recent price cratering will only delay capacity expansion as projects struggle to get financed. CXO will be back up above the recent CR price of 40c in no time and will head a lot higher IMO. Any bear case on the balance sheet is about serving the needs of shorters and is BS in my view