LKE 0.00% 3.8¢ lake resources n.l.

VSA Capital Buy Note, page-63

  1. 313 Posts.
    lightbulb Created with Sketch. 63
    Hi "muddying"  i do not have a house but i have put my pension on LKE


    gassed .. brunk et al


    a solid report on lilac costs just announced. another box ticked


    in the same announcement this references which reinforces the hypothesis of the likelihood of a sale of Cauchari  provided the drill results are positive.. not the end of the world if not as we then fall back on Olarez.  they is the strength of this project.


    Significant corporate transactions continue in adjacent leases with development of Ganfeng Lithium/Lithium Americas Cauchari project with Ganfeng announcing a US$237 million for 37% of the Cauchari project previously held by SQM. Nearby projects of Lithium X were acquired via a takeover offer of C$265 million completed March 2018. The northern half of Galaxy’s Sal de Vida resource was purchased for US$280 million by POSCO in June 2018. These transactions imply an acquisition cost of US$55-110 million per 1 million tonnes of lithium carbonate equivalent (LCE) in resources.




 
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