LITHIUM POWER INTERNATIONAL LIMITED (ASX:LPI) - LPI - Deal of 2019, 37633097, page-45 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Nige456: ↑

heres a look at the market caps of BG Battery grade players on the ASX. This is the best for comp purposes.

1. GXY - Market cap is $887m for 20-25ktpa in Sal de vida of BG. Likely 50% JV, so 10ktpa. The other project James bay is too early stage in the approvals process but has some value. Their Mt Cattlin hard rock is unprofitable.

2. KDR - Market cap is $560M for 22.5ktpa in Mt Holland australia. This represents their share of the project.

3. INR - Market cap is $300M for 20ktpa in USA, likely 10ktpa their share if JV'd.

4. LPI- Market cap is $58M for 10ktpa share of BG(50% of 20kpta share). Already jv share.

We should be atleast a bit more than a double current. So around 50-55c share price right now. This is the cannacord price target.
Can't see us still floundering in 12 months in the 20s, if EIA, finance and construction have started.

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nige.. are you sure gxy Mt Cattlin is unprofitable? as per my understanding Mt C. 2018 EBITDA is $70mil i.e. margin of 46%, that sort of cash flow looks strong especially when the company is growing & has $0 debt / borrowing...

Also when i say financing partnership, it means in case LPI/MSB decide to bring in an equity or off/t partner who is funding the development they are likely to take a stake in the project i.e. diluting current holders... now i don't know what financing model LPI/MSB is looking at but dilution is a possibility... just look at KDR and some of the others they all gave 50% to the company funding the project, where as currently none of 3 LPI/MSB partners have the capacity to fund $800mil...

nige.. are you sure gxy Mt Cattlin is unprofitable? as per my...