Benchmark World Lithium Tour, page-8

Just went onto Lithium Americas website there - they have 2 brand spanking new presentations up from the Benchmark tour already. A professional company indeed and their recent price reflects this - maybe we could take a leaf from their book. Interestingly they are quoting 'recent contract prices' at $13,000 per tonne of carbonate which is good.

I made a comparison here before between their project and ours in terms of NPV and I still stand by the economics of ours. Essentially they are a brine producer so produce at over $1,000 per tonne less opex than us. They have similar capital costs, about 20% higher production volume and their price in the DFS is $12,000 with NPV @ 10% of $800m.

Our PFS is NPV @ 10% of $392m. Our costs are higher but if you offset the extra 2k in price they have included (vs. our 10k) against the costs then our PFS suddenly looks a lot more attractive. Imagine we said our costs were $1,483 not $3,483... Must work out at least $600m NPV.

LAC market cap $566m AUD (USD value of 455 taken from their Sept 17 presentation)
EMH market cap $100m AUD

And so our DFS may be delayed until Q4 2018, as with most mining projects there are delays. But I think I can live with that if there are going to be much improved economics quoted in it. I don't blame Keith for not providing much update to the general market on what's going on because I sincerely hope he's far FAR too busy trying to secure funding and offtake through private discussions and behind closed doors. This is what matters and once this is secured, the marketing will do itself, just as it has done in the past for this stock.