Ann: LPI Increases Ownership to 51.35% of the Maricunga JV, page-26

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mick z

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14/06/18

20:21

Post #: 33720499
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Originally posted by TheGekko ↑

LT_Investor, I think LPI merging with BRZ would be beneficial to both sets of shareholders and the market would react more favourably to LPI holding nearly 70% of the most prospective lithium project there is. The pre-tax project NPV @ 8% for production of 25k a year is AUD$2.71 billion (75 cent USD/AUD exchange rate) - owning 70% of that is impressive. A script offer to BRZ would see the LPI register remain relatively tight compared to most of our peers.

The old code ground is sorted and has always been the focus of the current project. Surely LPI can walk and chew gum at the same time. In terms of the WA assets, I would like them spun off into a new entity with current LPI holders receiving the majority of equity and the remainder contributing to working capital for a comprehensive exploration program.

Guyue999, it is anticipated that funding for the Maricunga project's development would be through investor arrangements / offtake agreements. I believe the quality of the resource and the outcome of the DFS should be sufficient to attract significant investor interest. One just has to see what POSCO just paid for a lesser quality resource than Maricunga to guage the investor appetite for quality deposits/ projects.

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It would be a hell of a lot shares in a script offer, not sure i like that idea, maybe 50/50 including cash.

Would be best if the sp wasn't hanging 30c though, if the sp was over a dollar it would be very easy to do, less dilution.

Cheers

LPI Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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Ann: LPI Increases Ownership to 51.35% of the Maricunga JV, page-26

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