So webinar from this morning: Main points: Number of interested parties as far as finance is concerned - but Mitsui has first right to finance and offtake with our MOU with them. The purity is also increasing with enhanced processing - that opens the door to more clients.
DLE came up, definitely a option but not commercially proven on brine operations. Also, environmental impact when reinjecting brine into the ground is unknown. When you extract LCE from the brine you will have a big impact on the pH levels - which in turn has unknown impacts on the environment. This will take years to complete EIA. So LPI is in a great position with all our permits, Environmental Impact Assessment and proven process to extract LCE. The hype around LKE is premature and will take years to prove DLE has not negative impact on environment when pumping diluted brine back into salars.
Worley Parsons are willing to start construction of the facility for part equity (that is how confidant they are of our numbers). As stated Mitsui has first right though. Remind me again, is LKE or GLN ready to start construction - no. They are several years away from that - yet their MC are 5x times higher than ours.
Other: - Bloomberg interviews coming up - Political environment was grossly blown out of proportion. Remember the mass social demonstrations in USA last year? Or in France in 2019? Social unrest is normal for any democracy. - LPI would conisder listing on the US Stock Exchange - High probability that the president of the senate will win the elections in November (YasnaProvoste). She is a democratic moderate. Which is EXCELLENT news. - Greenbushes will see drilling start in spring (remember that Maricunga is the main prize)
LPI Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
