A40 losing since 5 years, TAW now in their spiral!, page-84

Hi Kropka. No those numbers don't look right. The profit will be much less than that and of course we have to spread the 19 million dollars over the year. I have just read Roskills report on Tianqi, in which they state their costs were $158 m for their 500 kt share of Talison  for FY 2017, so I'm guessing Albemarles would be similar. That makes their costs $300 per ton. Wow! Tianqi's profit must have been around $300 million so no way AJM will make $200m