Ann: Battery Conference Presentation - March 2019, page-61

@Mrmena112 $100-150 million still in USD?

Actually $100-150 million is not far off from my EBITDA numbers, albeit in AUD. Even with LME cobalt and copper prices for WFE's share in this JV, Valuing WFE at a very conservative4x EV/EBITDA as a junior producer without any debt gives me half a $Billion Market Value (in AUD) worth for WFE, provided we're using a $60/ton feed cost.

And all that is WITHOUT any sx-ew Cathode plant expansion. IF Jason indeed secures European strategic investment for the sx-ew plant, it'll drive our economics further upwards to more than the ~$200 million mark for EBITDA.

COB, AUZ & CLQ (low grade & CAPEX problems), CLA (low grade & mothball) all out of the race. WFE definitely in pole position with highest grades & lowest cost curve on the planet due to being in the DRC & Cobalt Central.

Increasingly more and more likely we'll be FIRST to production and profits on the ASX, when we're unleashed back on the ASX. One really looks forward to the ASX-approved prospectus which by all indications should be out by May.