Hi just, OT before DFS such as KDR's one with Tesla do released significant confidence to its shareholders but not many exploration company can make it. KDR's NPV is about 22 billion while LPI is about 1.286 billion. and there is a lot of various factors in different projects.
In terms of lithium prospect, it is a hard time at the moment. If you read the news on financial post on 7/2/2019, it reported that the lithium exploration has been cooled down. According to ceo of nemaska, there was no significant money raised in lithium since July last year and he believed that nemaska could not make the 1 billion OT if he had waited for 10 days or a week. So tough time if you also check out nemaska's share price after OT. I know you are very very frustrated. I remember you were so confident a year ago and even bet with me LPI would have 300 million cap within 3 months haha. To be honest, it is a long risky game. Hopefully you do not have many options. We might see the result by the end of the year at least management looks very confident now. 45c cost is not so bad and patience required.
LPI Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
