WorleyParsons would not signoff the reports if they dont outline all the costs involved. Many jumior lithium miners fail to attract funding due to lack of transparancy in their costing model. Reality SQM production costs include royalties etc add up to be around $6000/t. WorleyParsons use the same model as SQM and managed to get to ~3700/t. GXY is struggling to make a profit as their grade is so low. LPI is looking a combination of equity and debt financing so give Management some time. CEOL is important for future expansion, not at this stage. I would ignore the share price for now.
In the mean time, the most value for long term shareholders is to spin out WA assets as the focus is on Chile now.
LPI Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held