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guyue999

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12/01/19

13:10

Post #: 37097186
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Originally posted by Cassandra ↑

Originally posted by RayTDalio
Interesting to see LPI trading this low. The valuation from 5 independent research companies rate LPI on average at $0.85. Some of the hurdles LPI jumped over, have also made eliminated some of the risks mentioned in the reports. Compared to other juniors, even in the depressed Li market, LPI is trading totally under market value.
Canaccor Genuity - $0.95
Sprott - $0.64
hallgarten&Co - $1.10
indepresearch - $0.80
EverBluCapital - $1.20

The biggest risk, as for any junior miner, is successful funding for LPI. Based solely on the metrics from the PFS, I have no doubt LPI will get funding successfully.

I rate this as a STRONG BUY.
Your rating - strong buy - ignores the fundamental stumbling block that after years of trying, nobody has been allowed to develop Maricunga. That includes the efforts of three companies for more than 20 years (Minera Salar Blanco, Li3 Energy, and now LPI) to get permits from both conservative and left-wing Chilean governments. The market knows this and is discounting the share price accordingly. It would seem the previous LPI's CEO also knew this when he sold out his holdings... One would guess there is little hope for any new Li-brine developments in Chile. I would suggest either to hold it for a bit longer - on the hope things may change - or to sell.

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LPI Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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wait until 2022!

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