LPD 6.67% 3.2¢ lepidico ltd

Hi Dadobajro,It's always good to go back to the source. NPV is...

  1. sqe
    1,604 Posts.
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    Hi Dadobajro,

    It's always good to go back to the source. NPV is based on the DFS. The pricing assumption is stated as

    "The average price forecast for lithium hydroxide over the Project life is US$13,669/t (table below), with a long term assumption from 2031 onwards of US$12,910/t. Lepidico has applied a price discount for the first year of commercial production to allow for production qualification"

    https://www.lepidico.com/wp-content/uploads/2020/05/update-LPD-200528-DFS-Delivers-Compelling-Phase-1-Project-Results.pdf

    Lepidico gets its pricing information from Benchmark.

    Also noted in the DFS is sensitivity of NPV. By far and away, the greatest "sensitivity" is due to LiOH pricing

    https://hotcopper.com.au/data/attachments/2807/2807616-074877485639388c63e98c014e8efb69.jpg

    However, keep in mind that they have "fast tracked" Karabib. That is, once the DLI merger took place, the company quickly drilled the resource to create the MRE. They have yet to explore their tenements. Drilling costs time and money. Once offtakes are signed, and debt financing secured, you can bet that the company will start dropping some drills in the ground to test the rest of their tenements. The other way to increase NPV is via resource upgrade, and the company will do this when the time is right
 
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