LPI will be my largest lithium investment this year, after I am paid by Zijin
Will be interesting to see how the Mitsui and CODELCO deals play out
In the best case, LPI will bring Phase 1 into production on it’s own with Mitsui as off taker and create a joint venture with CODELCO for the rest and on top a production at Greenbushes
Worst Case is that Mitsui buys LPI out with some premium, e.g. 40%
Both scenarios are not so bad, I would say -
LPI Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held