Financing/Buyout

My thoughts on the final investment decision for Maricunga is it will ultimately be bought out once the 3 way merger is complete and Western Australian assets are spun out.

My reasoning: With such a promising derisked project in Maricunga, the team continues to invest heavily in the Austalian assets. IMO, they've taken Maricunga as far as they need to monetize it, and are shifting focus to their next venture, Western Lithium Ltd. This would make more sense for them as the expertise of the LPI team is geared more towards exploration, and mineral resource development than mine building.

"We have got no big egos to become the next producer of lithium" 5:00 mark

Regardless of the FID, after watching recent interviews and presentations from the company, they understand the value of this project and are negotiating from a position of strength with the only shovel ready high grade project in the biggest lithium bull market thus far. It sounds like Mitsui has some stiff competition and LPI isn't in a rush to give away future profits. Regardless of whether it's a debt/equity financing or a buyout, I think we can all agree there is 100% upside in the coming months.

Goodluck to all and interested to hear what others think on the matter.