Ann: Temporary Argentina tax changes, page-67

I agree with your comment Ian re there should be significant cost savings in the development of stage two.

Also the majority of labour costs in the operation of the existing facilities apart from a handful of fly-ins are locals paid in pesos.

Also as a very long term holder of Orocobre, I can recall that the original price of the lithium export was based on a then price of $US 5,000 per ton and was expected to be world best practice in terms of cost of the FOB price.

Furthermore, as extracted from the annual report, we see the level of debt reducing in FY 2017/2018 from $US 133.9m down to $US74.1m and the YTD sales for FY 2018/2019 now around $US 14,000 significantly up from the record sales for FY 2017/2018 of $US 12,578 and the lower cost of the labour, we should see the share price around to $8.40 that Capital Eight valued the share price at following the recent export tax announcements.

Let's hope the shorters really get caught ith their pants down goining forward