LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Let's play What If just_ for_fun
In July 2016 the best estimate of the lithium carbonate in Maricunga was 574,064 tonnes based on a NI 43-101 amended reported dated 23 May 2012 (see Table 1.3 on page 1-4).
Click Here for LPI report

In 2007 SLM Litio (Sociedades Legales Mineras) drilled 58 test holes not going below 20 meters. SLM established grade continuity of the property based on results in the 0m-20m strata and inferred resources in the 20m-100m strata to establish a Lihium tonnage from the Litio side of Salar de Maricunga at 70 tonnes. Remember SLM did not drill below 20 meters.

The 2012 "original" 43-101 drilling did not go below 150 meters and the engineer estimated that the "lithium recovery from the Maricunga brine can be significantly enhanced and may range from 45 to more than 70 percent". Such a statement from the engineers (Don Hains and Frits Reidel) could perhaps indeed lead one to believe that had we drilled deeper in 2012 then perhaps they might be saying holy-moly we have a whopping 976,000 tonnes (574,064 tonnes x 1.7) of lithium carbonate.

In 2016 LPI drilled to 354 meters and happily found ripe lithium juice all the way down. Click here for the 2017 LPI report.

And so today based of the deeper 2016 PRELIM announcement/drilling-report let's play What-if.

What if we do indeed have that 70% more lithium (975,800 tonnes) than previously talked about in the 2012 report. Well then my fellow amigos and amigo-ettes the value of our LIEG shares takes a huge jump. You ask how much of a jump? Well let's estimate it as a new plug-in using our previously established Excel spreadsheet.

Lithium Carbonate Equilvalent = 975,800 Tonnes
Price Li2CO3 = $18,675 /Tonne
20-year life span of mine = 20 Years
Life of mine value = $18,223,065,000

Tonnes production capability per year = 48,790 Tonnes
Mine value per year (gross revenue) = $911,153,250
Profit on mining operation after expenses = 9%
Profit per year (future) = $82,003,793

LPI profit per year 50.0% = $41,001,896
Minera Salar Blanco profit per year 32.3% = $26,487,225
LIEG profit per year 17.7% = $14,514,671

Value of LIEG at Cap Rate 8% = $181,433,391

Number of LIEG shares = 495,153,347
Projected value of LIEG share February 2019 = $0.366 PPS

Interest Rate = 4.00%
Nper. Number of months in study = 24
Minimum appreciation per month per share = $0.017 growth
Future Value 2019 = $0.366 PPS
Type (payment at beginning) = 1
Value of LIEG share February 2017 = $0.127 PPS

But yet here we are stuck at $.031 pps this afternoon. Something looks seriously out of whack here since we all know that going deeper is way better... she said.

The Doctor