Another new deal happening now. Codelco supposedly offering...

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    Another new deal happening now. Codelco supposedly offering A315mill for ASX junior, LPI for its lithium brine asset in Chile.
    A quick Google search shows the following JORC resource;
    "The result of which was a 90% increase from its 2019 JORC resource of 1 million to 1.9 million tonnes of Lithium Carbonate Equivalent (LCE) for the Stage One (Old Code) mining properties at an average grade of 953 mg/l lithium.16 Sept 2022

    https://www.bloomberg.com/news/articles/2023-10-11/codelco-is-said-to-near-buyout-of-australia-s-lithium-power?leadSource=uverify%20wall

    It remains to be seen if they will need to up the offer but at 1.9mill tonne LCE, the initial offer comes in at $166/t LCE.
    LPI stage 1
    15,200 tpa Lithium CarbonateBattery Grade for 20 years
    • USD 1.4 Bn after-tax NPV
    • Capex: US$ 626 M
    • Cash Cost: US$ 3,718/t

    FUTURE EXPANSIONExpansion potential to reach up to 30,000 t/a of LCE. Stage Two will use DLEtechnology to produce 15,000 t/a of LCE.

    If LPI's 15,200tpa project has an after tax NPV of US$1.4bill, I wonder what NPV our project would have with 4-5 times the output capacity?
 
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