Bearing Lithium Corp. (fka BLILF)

[Dr_Vonschellan]

Let's_recalculate our PPS_value for_BLILF, version_10
1. Let's assume Codelco wants 66% of the entire company.
2. Let's assume Codelco will cover all the CAPEX.
3. Let's assume Codelco will transfer to this project 40,000mt of their already approved LCE export quota bumping the project up to 60,000mt LCE.
4. Let's assume we tap into the 400m deep "sweet/extra" brine which we know is hiding down there.
5. With these assumptions the entire project (ie all 4 partners) now becomes a USD$2,813,337,500 project

Lithium Carbonate Equivalent = 6,230,700 Tonnes
Price Li2CO3 = $12,400 /Tonne
20-year life span of mine LOM = 20 Years
Life of mine Gross value = $77,260,680,000

Tonnes production 100% capability per year = 312,000 Tonnes
Tonnes production 99.4% w/Conversion per Yr = 310,128 Tonnes click here
Tricky Dicky Fudge Packer factor (SUBTRACT) = 80.7% click here
Tonnes LCE production capability per year = 60,000 Tonnes
KCL production, Nil first 3 years 0 Tonnes
Mine gross revenue per year = $744,000,000 *

Operating Expenses per Tonne itemized
Chemicals & reagents $1,040 /MT
Salt Removal $486 /MT
Energy $1,028 /MT
Manpower $458 /MT
Employee services $105 /MT
Maintenance $295 /MT
Transport & sales $237 /MT
G&A $123 /MT
Operating Expense per tonne Li2CO3 $3,772 = ($226,320,000) *
Operating Expense KCl/mt for 222,000 mtpa $145 = ($32,190,000) *

Capital Costs
1000 Brine Extraction Wells $39,400,000
2000 Evaporation Ponds $115,300,000
2500 Massive Soil Movement $0 ____was $6.25M
3000 KCL Plant $0 ____was $23.4M Note: NO Potash sales first 3 years (222,000mtpa after 3 years)
5000 Salt Removal $66,400,000
6000 Lithium Carbonate Plant $71,600,000
8000 Genral Services $103,300,000 Includes 600 staff/workers
9000 Infrastructure $60,000,000
Total Direct Costs $456,000,000
Total Indirect Costs 9.82% $44,779,200
Contingency 12.50% $62,597,400
Total Capital Cost $563,375,600
Depreciate Capex of $563M over 20 years = ($28,169,000) *___ To be fully paid by Codelco JV partner
Revenue after expenses ST = $457,321,000 *
National Royalty (ref 1932 Chilean law) 3% = ($13,811,000)
Local royalties / community payment / Tax 7.5% = ($34,299,000) (page 9 of PEA)
EBITA = $409,211,000
(Ref MSB corporate tax rate is 27% see page 12 of 43)
Estimated Income 55% of EBITA 55% = $225,066,000

LPI income per year 17.3% = $39,026,000
MSB income per year 10.5% = $23,722,000
Codelco income per year 66.0% = $148,544,000
BRZ income per year 3.56% = $8,016,000
BLILF income per year 2.56% = $5,759,000
_______________ 100.0% ___ $225,067,000

NPV, Value of BLILF at Cap Rate 8.0% = $72,000,000 ___(was 7% cap rate)

Number of BLILF shares = 16,000,000
Projected value of BLILF share July 2023 = $4.50 PPS

Interest Rate = 5.0%
Nper. Number of months in study = 48
Minimum appreciation per month per share 1.66% = $0.075 /mon/share
BLILF Future Value 2023 = $4.50 PPS
Type (payment at beginning) = 1
Value of BLILF share August 2019 = $0.99 PPS

Value of BLILF share September 2019 = $1.06 PPS
Value of BLILF share October 2019 = $1.13 PPS
Value of BLILF share November 2019 = $1.21 PPS
Value of BLILF share December 2019 = $1.28 PPS
Value of BLILF share January 2020 = $1.36 PPS
Value of BLILF share February 2020 = $1.43 PPS
Value of BLILF share March 2020 = $1.51 PPS
Value of BLILF share April 2020 = $1.58 PPS
Value of BLILF share May 2020 = $1.66 PPS
Value of BLILF share June 2020 = $1.73 PPS
Value of BLILF share July 2020 = $1.81 PPS
Value of BLILF share August 2020 = $1.88 PPS
Value of BLILF share September 2020 = $1.96 PPS
Value of BLILF share October 2020 = $2.03 PPS
Value of BLILF share November 2020 = $2.11 PPS
Value of BLILF share December 2020 = $2.18 PPS
Value of BLILF share January 2021 = $2.26 PPS
Value of BLILF share February 2021 = $2.33 PPS
Value of BLILF share March 2021 = $2.40 PPS
Value of BLILF share April 2021 = $2.48 PPS
Value of BLILF share May 2021 = $2.55 PPS
Value of BLILF share June 2021 = $2.63 PPS
Value of BLILF share July 2021 = $2.70 PPS
Value of BLILF share August 2021 = $2.78 PPS
Value of BLILF share September 2021 = $2.85 PPS
Value of BLILF share October 2021 = $2.93 PPS
Value of BLILF share November 2021 = $3.00 PPS
Value of BLILF share December 2021 = $3.08 PPS
Value of BLILF share January 2022 = $3.15 PPS
Value of BLILF share February 2022 = $3.23 PPS
Value of BLILF share March 2022 = $3.30 PPS
Value of BLILF share April 2022 = $3.38 PPS
Value of BLILF share May 2022 = $3.45 PPS
Value of BLILF share June 2022 = $3.53 PPS
Value of BLILF share July 2022 = $3.60 PPS
Value of BLILF share August 2022 = $3.67 PPS
Value of BLILF share September 2022 = $3.75 PPS
Value of BLILF share October 2022 = $3.82 PPS
Value of BLILF share November 2022 = $3.90 PPS
Value of BLILF share December 2022 = $3.97 PPS
Value of BLILF share January 2023 = $4.05 PPS
Value of BLILF share February 2023 = $4.12 PPS
Value of BLILF share March 2023 = $4.20 PPS
Value of BLILF share April 2023 = $4.27 PPS
Value of BLILF share May 2023 = $4.35 PPS
Value of BLILF share June 2023 = $4.42 PPS
Value of BLILF share July 2023 = $4.50 PPS

If we can cut a deal to allow SIMCO to process/sell the potash then of course the overall profitably for us rises. We can address that aspect when the contract with Grupo Errázuriz (aka SIMCO) is eventually published... and you can pretty well bet there is one floating around.

The Doctor