Worse case scenario

Worse case scenario. LPD doesn’t get funding any time soon.

LPD owns 80% of a 9.7+mil ton resource at average grade 0.4%.

Desert Lion Resources were using a basic sorting process for its first shipment to provide funding for their proposed concentrator but market put a halt to that. I think the average grade for that shipment was 1.2% lithium oxide with further shipments targeting 2.0% grade.

These are the latest Chinese spot prices. Assuming the metric is about $300 per half a percent in grade then 1.2% grade would fetch $350/t for Chinese spot. Lets use a supposed contract rate of $300/t delivered to China minus freight of $50/t equals a return of $250/t FOB, costs to deliver to port I factor at $100/t.
A 30,000ton shipment would net $4.5mil. This income stream would support a commercial loan for a concentrator.
Shipping 1 mil tons of 3.2% concentrated ore @ $385/t FOB (DFS figures capex and opex) would net around $800mil over the life of mine. 80% is $640mil.
Assuming $140mil contingencies, $500mil distributed to 7.5bil shareholders equals a return of 6.6 cents/share minus tax over the life of mine.
Current share price looks to me a no brainer, and before you ask, yes heaps.