Many good points, however, I keep seeing inflated NPV numbers...

Many good points, however, I keep seeing inflated NPV numbers quoted. The NPV model keeps everything static and changes single variables. If production is increased to 25ktpa the post tax NPV, assuming $600m capex, is +-US$1.1bn. For 30ktpa that will of course increase. These are well above the 20ktpa NPV of $731m shown in the original model but less than $2bn.

There are many milestones to look forward to:
- stage 2 LC samples
- upgraded Maricunga resource (3.5 - 4mt)
- improved final FS using upgraded resource
- drill results from AUS hard rock exploration assets
- offtake / Sichuan Fulin negotiations

All within the next 6 months with no further capital raising required. The valuation at which MSB sells an equity stake to a partner will impact the LPI share price. That Bearing Lithium currently trades at a 50%-60% EV valuation premium to LPI whilst only owning a minority stake is interesting. Perhaps it simply just boils down to the relative strength of share registers?