LKE 4.84% 6.5¢ lake resources n.l.

The AUD is currently ~ 0.63 per USD.Kachi CAPEX ~ USD1 billion =...

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    The AUD is currently ~ 0.63 per USD.

    Kachi CAPEX ~ USD1 billion = ~ AU$1,587,300,000

    AU$1,587,300,000 x 30% = ~ AU$476,190,000

    https://hotcopper.com.au/data/attachments/4743/4743521-eef21aa5627c5cb453af70bef901c49b.jpg

    Lake held cash of AU$175,444,065 as at 30 June 2022
    less "further" DFS costs = ~ USD34.5 million = ~ AUD54,762,000
    less "exploration work" = ~ USD112 million = ~ AUD177,778,000
    BALANCE: ~ negative AU$2,389,000(excluding Promnitz loan for AU$1mil, unrecognised)

    WMC Energy (provided conditions precedent are met) = 154,347,945 shares @ AU$1.20/share = ~ AU$185,218,000
    Lilac (provided conditions precedent are met) = US$50 million = ~ AU$79,366,000
    TOTAL: ~ AU$264,584,000

    Therefore,
    AU$476,190,000 (30%)
    less AU$264,584,000
    BALANCE: ~ AU$211,606,000 (Funding Gap)

    IMO DYOR
 
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