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26.5¢ lithium power international limited

LPI's true valuation, page-38

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guyue999

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15/01/19

19:45

Post #: 37124221
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Originally posted by Cassandra ↑

Originally posted by LT_Investor
The US investment bank JPMorgan said that the lithium could be "very important" for the future of Chile, given the high demand expected for the mineral in the coming years, and that would allow the country not to depend so much on copper.

http://www.nuevamineria.com/revista...para-futuro-de-chile-por-su-demanda-prevista/
JP Morgan doesn’t say that Li will replace Cu in the Chilean economy, quite the contrary. It only says Li could be as important as wine, salmon or forestry:

... although lithium will not replace copper in the near future, it could provide a source of diversification for the Chilean economy, which is highly dependent on the red metal", said the firm in a report sent to clients.

In this context, the Bank highlighted expectations of government agencies, including Corfo, that this industry "has the potential to become a valuable subsector of the Chilean economy, reaching exports values close to the of the wine, salmon, or forestry industries.

"In this context, lithium has been gaining importance in the Chilean economy, considering that in 2010 the metal represented only 0.24% of the total Chilean exports, while in 2018 that number has increased to 1.26%".

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again if you posted this at share price of 68cents, you are brilliant.

LPI Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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LPI's true valuation, page-38

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