Interesting to see LPI trading this low. The valuation from 5 independent research companies rate LPI on average at $0.85. Some of the hurdles LPI jumped over, have also made eliminated some of the risks mentioned in the reports. Compared to other juniors, even in the depressed Li market, LPI is trading totally under market value.
Canaccor Genuity - $0.95
Sprott - $0.64
hallgarten&Co - $1.10
indepresearch - $0.80
EverBluCapital - $1.20
The biggest risk, as for any junior miner, is successful funding for LPI. Based solely on the metrics from the PFS, I have no doubt LPI will get funding successfully.
I rate this as a STRONG BUY.
LPI's true valuation
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