Ann: AMENDED PRELIMINARY ECONOMIC ASSESSMENT (PEA), page-19

First 19 Last

Share
Profile

Follow
mick z

7,874 Posts.

109

06/01/18

10:52

Post #: 30090254
Share

Originally posted by TheGekko ↑

EV momentum and forecast demand for non-EV battery demand has increased enormously since LPI first presented it's forward production schedule. Also, it could be assumed with some confidence that there are significant lithium resources at Maricunga below the 200 metre level as indicated by the exploration hole that was drilled to 360 odd metres. It is for these reasons that I thought an incremental increase in initial production to 25k would at least be contemplated. You have the benefit of economies of scale and according to the PEA document, it doubles the project NPV. OK, if the resource at Maricunga was marginal then I would fully understand MH's position, BUT we are talking about the premier undeveloped lithium brine resource on the planet - why not take advantage of that competitive advantage? MH talks about being happy with a billion dollar company, well our EV at the moment is a paltry $100 million, so he has a LOT of work to do.

Expand

Yes it doesn't make sense to me either considering every other current brine producer that i know of is expanding their production out put including some hard rock.

I note Worsly suggests drilling more deeper holes as well.

Yeah some thinks not adding up to me, world class asset being treated 2nd class, bugger if i know.

LPI Price at posting: 55.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

What's causing the cost-of-living crisis, and how to navigate it

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon