Ann: Investor Presentation - May 2019, page-222

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Mlc2318

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07/05/19

14:04

Post #: 38447574
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Originally posted by TheGekko: ↑

PLEASE NOTE - RESPONDING TO STATEMENTS.

LPI PEA - 299 pages and LPI DFS 389 pages - for verification see the technical reports section on their website.
I have read the AGY PEA and they benchmarked the CAPEX off two project PEAs - one of which was LPI which had significantly different CAPEX and OPEX findings in its DFS - the upshot is that the AGY PEA CAPEX could be considered inaccurate if relying on the LPI CAPEX numbers.

Not concerned about LPI CAPEX and OPEX numbers as they have taken the safer route of adding an extra salt removal stage to deliver better quality feed to the carbonate plant. They will still be in the bottom quartile on the lithium brine cost curve and their DFS cost numbers are much more current than GXY et al (eg. GXY numbers are 2016).

LPI worked with tier 1 chemical engineering consultants in developing two pilot plants to deliver 99.4% ad 99.9% BG LCE (both from the second pilot plant).

I have remained in contact with the ex-CEO of LPI who still has a swag of LPI options. He cashed in his freebies to create and fund a new copper entity Cobre which is at pre-IPO stage - he has tenure in WA and is currently over in Africa looking for ground. He found some pretty good stuff for LPI so I am keeping a close eye on Cobre.

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Please don’t discuss other stocks here I have reported your post.. I don’t care what your reason is take it to the other companies thread

AGY Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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