LPI 0.00% 56.5¢ lithium power international limited

BRZ currently cheapest entry into MSB JV, page-29

  1. 227 Posts.
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    My numbers aren’t wrong, yours are. Your $54m EV for LPI has not taken into account the value of the Argentinian asset ($2.75m) and the WA exploration assets ($12m). Including those and adjusting the A$ to CAD$ the EV of LPI falls to CAD$36.8m for a 51% stake in MSB. Implied MSB value is $73m

    Adjusting BRZ for the limited remaining cash and equity it will receive and the resultant EV for MSB is a 30% premium to LPI at $95m.
 
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