It's an interesting comparison to look at Orocobre when it was at a similar stage of development.
13 April 2011
ORE Capitalization: $277.6m
Measured and Indicated Li: 1.21m tonnes
$229/tonne EV
12 July 2017
LPI Capitalization: $47m
Measured and Indicated Li: 0.325m
Just using the above EV this would give LPI a capitalization of $74m (share price 51c) and that's not factoring in that between 2011 and 2017 the price of lithium has more than tripled.
LPI should have much lower CAPEX and OPEX requirements as well due to the extraordinarily high grades, close proximity to power and roads.
Treat these as very rough figures. I've made a bunch of assumptions and haven't included a whole heap of info.
LPI Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
