Member Info for Suukidoggie

AISC is the difference between market spod price

Atlantic AISC Year 1 approximately 600 UST

Current spodumene SC6 900 UST

Company requires 1000 UST IMHO to gain FID

Merger Co JV 50% stake in Atlantic Lithium

Means they will collect 50% of the production, 180,000 Tons split 50/50 ramp up 360,000 Ts per annum.

Merger Co gets those Ts for their offtakers, or to sell a percentage in the spot market if required.

No payment to Atlantic with 50% JV partnership.

Merger pays 50% of the operating costs

That's my understanding

They have earnt in 22.5% to date

Outstanding payments may show in Q2 results

That would strengthen Atlantic balance sheet.

Piedmont still has to pay 50% of development costs

22.5% leading to 50% once 65 million USD paid.

They've put millions into JV exploration to date.

MIIF still a open question 5 million USD paid, non binding agreement, MIIF shares held in escrow 24 months, major catalyst if they still back Atlantic.

Keith reckons April for ratification does that include new agreement with royalty payments. Notable Keith mentioned NDC understands the need to adjustments. Seems like more positives outway the negatives. Cash burn 350k a month, Piedmont owes 6 million approx USD Oct - Dec 24. ALL SP reflects uncertainty, next few months will be beneficial to shareholders as so many catalyst could materialise.

Ratification, MIIF, Merger Co

Off take agreements with Atlantic and Merger Co

Merger Co 180,000 tons spod will be mined and sold at AISC exactly the same as Atlantic. 1000 UST for FID.

Keith mentioned sentiment will be a driver for FID, in my opinion that means positive engagement with institutional bankers, Africa or Europe. Keith said no finance deals with offtake agreement apparently.