Thanks @Skattie11 very informative post and it wasn't just LPI...

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speedyl

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17/02/18

20:23

Post #: 31132144
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Originally posted by Skattie11 ↑

Speedyl I’ll address one issue you have raised, namely the question of Chile’s “raised royalties and taxes”. CORFO’s negotiations with SQM relate to CORFO’s assets in the Atacama. SQM is effectively a contract miner for CORFO. LPI in complete contrast, owns its tenements outright. Further, some of the ground is grandfathered under an old 1932 mining law which has positive permission implications. Other than normal royalty rates LPI, as owner not tenant, will not be subject the same terms as SQM or Albermarle. As an aside Chile has been mining friendly for a lot longer than the newly appointed Argentinian government....lithium projects require a 20-30 year view.

The SQM - CORFO announcement is what has sent the LPI price down from 65c+, fundamentally unfounded. Gekko mentioned it’s about where we’re going that counts. In the next 6-12 months:
- battery grade LC from pilot plant
- upgraded resource to 3.5-4mt
- improved final FS from new resource- potential for $1.2 - 1.4bn US$
- offtake / equity partner completion

Congrats on AGY, excellent returns. The question is, does AGY have the catalysts to increase 3x from here in 12 months? I don’t know but I’m confident LPI has that potential regardless of technical analysis.

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Thanks @Skattie11 very informative post and it wasn't just LPI which suffered from the SQM news.
I have to be honest that as my buy signals come from technical breakouts I haven't had one for LPI yet so until today I didn't know much about the company hence why I was trying to find out what grade of LCE they will be producing. Has been an interesting discussion and the grades do look good. If I get a signal from my system I now know a lot more about the company and could look to enter.
I wish all holders here the best and hope the announcement on Monday is a good one for you.

LPI Price at posting: 44.0¢ Sentiment: None Disclosure: Not Held
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Thanks @Skattie11 very informative post and it wasn't just LPI...

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