LPI 0.00% 56.5¢ lithium power international limited

The narrative I have concocted? My commentary about the project...

  1. 2,574 Posts.
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    The narrative I have concocted? My commentary about the project is based on facts, market research, ASX announcements/company releases, which you have a tendancy to ignore to push you own narrative about extraneous issues like 'nationalisation'.  WTF.  Buddy you dont understand the real world and the consequences of BS like that.  Not even the most despot states have the guts to nationalise private sector interests anymore because they know the consequences. All foreign investment, trade relationships dry up and foreign-funded industries which are not nationalised move out over time.  Chileans are not that stupid, or do you think they are?

    Why wouldn't I be positive about the Maricunga project. This is the narrative I have supposedly concocted:
    • LPI have defined the best undeveloped lithium brine resource on the planet
    • LPI released a mind-blowing PEA in December 2017 - even you would have found it difficult to whinge about, I think
    • LPI secured a production quota from CCHEN for its old code ground - the first in 30 years to a new entrant (and under the former 'socialist' government)
    • LPI achieved 99.9% BG LCE in April 2018
    • LPI have taken control of the project with 51% equity
    • LPI have locked up all the flat off-salar land for site development works (6,000 hectares of it)
    • LPI submitted the most comprehensive EIA in Chilean regulatory history
    • LPI have secured all the water rights it needs for 20 years
    • LPI will execute a long-term power agreement this quarter
    • LPI will release its DFS this quarter - and that should be a cracker
    • LPI will commence project finance/off-take negotiations in the New Year
    • LPI expects to commence construction in 2020
    • Forecast EV production and demand for other battery uses is continually building.

    What's not to like about these macro and micro factors?  All public information by the way.

    I have been involved with and have been investing in the resources industry for 40 years.  I know a dog of a project/investment when I see one and am well aware of all the risks of such investments by learning the hard way.  I have never been more confident about the potential of a resource project than this one.  Of course there is some sovereign risk, but as I have pointed out in previous posts, LPI/MSB are making all the right moves to navigate this sometimes tricky issue.  Martin Borda and CGH are obviously running the show in Chile, so we are in good hands

    I want to see a JV of some type with Codelco because it will offer enormous commercial and political advantages. Unlike you I am a glass half-full person not looking for crazy improbables.  I have some homework for you.  You need to school up on the 'real' mining exploration/development investment world.  The annual Fraser Institute Report is a good start.

    https://www.fraserinstitute.org/sites/default/files/survey-of-mining-companies-2017.pdf
 
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