LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Win3car, I_know_they're_funded_thru_the DFS... what_DFS/tiny_pilot_plant?
Seriously Win3car, what the heck is this life-saving pie-in-the-sky DFS you are babbling about and pray tell, how much green cash is in it? $1,000,000? $2,000,000? And where/how will it be spent? And oooooooo, yes that sure sounds like a lot of money for a rube like you. Are you talking about DFS (Definitive Feasibility Study) which Bearing thinks it will have produced in the first half of next year 2018 coincidentally a month after LPI publishes a DFS report, but the LPI report will of course be the first edition.

And Here's Breaking News Just in: The "tiny pilot plant" is already built. Posco finished it in 2013. It was designed to process 20T of LCE per year. Click Here.
or, Click Here, go to page 9.

Secondly, the $257,000,000 CapEx funding loan (line of credit) for 26 years is not "funded" straight out of LPI/MSB/LIEGs' pocket you ninny. That huge loan is going to come from some gigantic bank like Mellon, Citibank, Gazprombank in Russia or JP Morgan in NY who is going to demand a 25% plus stake in the whole project for financing it plus interest. We will pay back our share of the loan (each year) from future revenue... not from our current checking account in Santiago. LPI can easily line up this project loan (line of credit) through their association with EverBlu Capital with one hand tied behind their back. LPI-EverBluCapital certainly does not need Bearing for help on this simple task.

Click Here if you need a spreadsheet to understand the mathematics involved in producing LCE and paying down long term debts from its sale.

Face facts, your shares in BRGRF are going nowhere... pretty much like your life after your wife finds out you lost her cookie jar money she hid away.

The Doctor

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Win3car's post follows:
I know they're funded thru the DFS, which includes a tiny pilot plant.

I'm talking about the $35-$50M (17.7%) of the $250-400M its going to take to build phase 1 of the 20/25,000 ton per year processing plant.

Quit self-medicating Doc!