LOH-Max Hydroxide results coming., page-97

Thanks for taking the time @ProCapitalism.

Edison estimates a pre tax profit of $85 million per year once operational but i can understand waiting, everybody has a different risk tolerance. My personal opinion is that they will get this project up and running.

I am going to be very conservative here. Current c.5 Billion SOI, add 3 Billion for expected funding (US$30m) and 500 million for working capital brings you to 8.5 Billion SOI when operational.

If you get in at 1.5c it should be easy to get a bag from these levels (3c) if you hold until production unless something catastrophic occurs which is unlikely IMO. That's a c.$250 million mcap which is quite undervalued in comparison to Edison report's $416M mcap.

Whilst half a bag per year is not everyone's cup of tea (most desire instant riches) i think LPD is a relatively safe bet, and chances are that traders/market volatility would push past the target far quicker than the expected time frame and it's a hell of a lot better than bank interest.

Bulls please remember before ripping me a new one, this is very very conservative. Edison suggests, even with raising funds at the recent lows of 1.5c which may not be the case, that a 5c target is achievable ($425 million)

Of course there is also the possibility that Edison expectations will be blown out of the water but i choose to utilise the knowledge of specialists.

Cheers.