Lithium Chile Inc.
Brighter M&A Prospects: Resource Expansion and Anticipated PFS
Published: 4/18/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
LTMCF - NASDAQ 🔹
LITH.V - NEO 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.85 |
| Fair Value | CAD $1.57 |
| Risk | 5 |
| Week Range | CAD $0.47-.095 |
| Shares O/S (M) | 206 |
| Market Cap. (M) | CAD $175 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 3.1 |
- LITH has completed an updated resource estimate for its flagship Arizaro de Salar project in Argentina. Resources increased by 24% to 4.12 Mt Lithium Carbonate Equivalent (LCE). The average grade increased to 323 mg/L (previously 317 mg/L). M&I resources account for 61% of total resources (previously 52%), implying increased confidence.
- Management is targeting a Pre-Feasibility Study (PFS) by June 2024. A Preliminary Economic Assessment (PEA) had returned an AT-NPV8% of US$1.1B using US$21.4/t LCE, and US$415M using US$15k/t LCE vs the current spot price of US$15.4k/t.
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.85 |
| Fair Value | CAD $1.57 |
| Risk | 5 |
| Week Range | CAD $0.47-.095 |
| Shares O/S (M) | 206 |
| Market Cap. (M) | CAD $175 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 3.1 |
