Long enough to know whether they get a strategic partner or...

Long enough to know whether they get a strategic partner or not.

After doing the numbers I no longer think they will, they could sell 40% of Kachi for the US$400 million CAPEX deposit and the bankers would get a decent IRR (depending on price assumptions for a few years), selling only 25% would give the bankers an IRR which might be borderline in my opinion so I would expect selling Kachi between 30-40% for the 400 mill

40% you could buy all the LKE shares 4 times over, so why not just buy the whole company instead, if a banking/oil giant/Chinese are interested.

So, I think LKE are pretty much screwed atm due to its low MC, btw selling a % of Kachi is a way better outcome than holding 100% for a higher dilution (same with "peers")

LKE really is at the last 100m, no money no mine, money is the last hurdle here and we will have to wait for the rest of 2024 to see what happens.

but like dug I'm usually wrong and DYOR