Member Info for tomcat-14

only 5 weeks to the end of q2... not long to wait now really... crunch time...

ps did let on that their sonora lithium samples had received positive feedback from their customers... some of the best they’d ever seen... has to be reflected in the pricing somewhere... especially when comparing like for like...

uh!!! am i reading that right... they’re selling lce from brines for the same price as lce from rock... but it’s not a like for like material... the briney lce needs further additional processing customer side... (is that a bit like buying a cooked chicken for the same price as a fresh frozen one... that you then have to pay to cook it... and it still tastes like it’s been frozen)... d

continuing on from the discussions last weekend ob... fast forward to the time that bcn are about to start mining the jv1 area... if the production contract is based on an agreed charged rate... aka a toll charge... where does npv8 come into the equation... there is no upfront capex to see if it�s a viable investment... just pay as you go... if we are making a capital contribution... what will the npv8 be at the time that contribution is being considered... or what would be the best year for us to make that contribution and our npv8 at that time...

bcn interims... kdnc finals... is everyone off on holiday next week or something...

what’s happening tomorrow jimb2...

a week tomorrow 31may... results for y/e 31dec17 are coming first...

not at all frankie... just to put into perspective why i’m trying to understand npv8 a lot more than i do presently... with the much appreciated help from ob to keep me on track... that $251.9m profit per year 6-19 that you like the look of... discounted to npv8... it’s present value in the fs for year 19 is $56.16m (excluding a contribution to the capex for the plant(s))... some discount hey... 3.18% of the $56.16m is ours... pre-tax... hopefully degsie will give us the commentary on hannam’s numbers...

where are they getting those numbers from... page 5...

kdnc value... npv... as of today... it ‘is what it is’... like your house... we’re only worth as much as someone is willing to pay us for it... today’s sell price now 0.21p on the bid... clearly not many holders are selling that cheap... but it only takes one...

agreed... be interesting to see what production contract we get...

it doesn’t stack up for us to contribute to the capex so early in the programme...

year 6 i has to start discounting at 0.6591 to get total yr6-19 to $1,430m... otherwise i can’t get anywhere near the $142? in the table...

that wouldn’t be sensible... the npv8 of our lce will be less than our contribution towards the plant capex...

same table... 6th row... pre-tax cashflow (profit)... years 6-19... $3,527m... $3,527/14yrs = $251.9m/year...

table 22.1.2... top row... lico... years 6-19... 500,700t lce... 500,700 / 14yrs = 35,764t/year...

$33.03m...

#5 is tonnes lce x % attributable to kdnc... yr11 35,764t lce x 9.36% kdnc = 3,348t lce... #6 is cashflow x % attributable to kdnc... yr12 $251.9m x 13.11% kdnc = $33.50m...

ob... the $53m also includes the capex... it’s based on the $251.9m cashflow/profit... which is net revenue - capex - opex... discounted to npv8 relative to the years mined (9-19)... it comes out higher than the $45m av as the majority of it is mined in years 3,4,5&6 of that period our resource is included... (years 11,12,13&4)...

why would you double the % of lce attributable to kdnc from 3.59% to 7.17%... table 16.2.2 shows 88.05% is coming from la ventana... 11.95% from jv1... 11.95% x 30% is attributable to kdnc... 3.59%...