Thanks guys.I was not too concerned at the $40m estimation, but...

Thanks guys.

I was not too concerned at the $40m estimation, but $150m is a different level of risk.

This begs the question - from an investor's perspective, does LPD have enough assets to secure a loan of this size, i.e. what can be liquidated in case the investment does not work out? The mine is not worth much to a conventional lithium producer. Similar to all the IP's if P1 did not work. If I were Joe Walsh, I should have a pretty good answer in order to secure funding.

The presentation refers to other lithium projects, however I assume they are 'conventional' in a way that their assets (the mines) can be used by others, hence should fetch a good price. Other projects, like GXY's new mine, have the backing from existing operation and cash reserve. LPD does not have such luxury.