Bearing Lithium Corp (BRZ)

[Dr_Vonschellan]

Elon_Musk says_Tesla may_have to_get into_the lithium_business because (see LPI_version)

As a follow-up to our Elon Musk post yesterday on the "finer JV-ing points" https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168499223 of Tesla taking another look (note: the last look was in January 2018) at NewCo/MSB-SpA we will auto-print a LPI version of the likely "best possible" numbers below as a courtesy/cross-reference:

Income:
* Resource (measured + indicated) _______________________ = 6,855,000 MT (ie 1,905,000mt LI+ 4,950,000mt KCL)
* Convert from M&I to brine feed and lose 25% _____________ = (1,713,750) mt
* 20-year life span of mine LOM _________________________ = 20 Years
* Brine sent into ponds each Year over 20 yrs _______________ = 257,063 mtpa. Note: could max out at 311,000mtpa
* Old fashion Brine evaporation efficiency _________________ = 65% Ref. See P-13
* Lithium extracted from ponds __________________________ = 167,091 mtpa
* Post mechanical/chemical/treatment efficiency ____________ = 22% Text book engineers wanted 16% but too bad, it is going to be 26% now
* Gross bagged lithium FOB Maricunga site ________________ = 36,250 mtpa
* Processor's Spot Market LCE Price (Li2CO3) to Battery maker _ = $80,000 /MT As of April 8, 2022
* Wholesale LC Battery Grade Price to Processor ____________ = $40,000 /MT wholesale. See P-21 then click here
* 15.0% discount to Tesla. Was 16.1% in last budget ___________ = ($6,000) /MT wholesale
* MSB-SpA wholesale price to Tesla _______________________ = $34,000 /MT wholesale
__* Tonnes LCE production_________= 31,450 mtpa
__* MSB-SpA Stage 2 if Codelco signs off =_ 4,800 mtpa Click for refresher
* Tonnes LCE production combined ______________________ = 36,250 mtpa (15,200mtpa-PH1 + 4800mtpa-PH2 + 325,000mt/20years + 00mt/20yrs + 00mt/20yrs)
* Specialty plant nutrition, Nil first 3 years production ________ = $0.00 Through Month 48 then revenue months 49-240 at US$66,348,413/month
* Iodine production, Nil first 3 years production ______________ = $0.00 Through Month 48 then revenue months 49-240 at US$31,643,638/month
* Industrial chemicals, Nil first 3 years production ____________ = $0.00 Through Month 48 then revenue months 49-240 at US$15,186,359/month
* KCL (potassium chloride), Nil first 3 years production _______ = $0.00 Through Month 48 then revenue months 49-240 at US$19,789,885/month
* Gross Revenue for 20 years (Lithium only) _______________ = $24,650,000,000
* Mine gross revenue PER YEAR (Lithium only) _____________ = $1,232,500,000 (36,250mtpa X US$34,000/mt)

* Gross Revenue for 20 years (Lithium only) _______________ = $24,650,000,000
* Gross Revenue for last 16 years (KCL, iodine, chemicals) ____ = $25,529,912,435
* Gross Revenue LOM all minerals over 20 years ____________ = $50,179,912,435

Operating Expenses per Tonne itemized
Chemicals & reagents______ $1,099 /MT
Salt Removal______________ $266 /MT
(Electrical ST $342/MT)
(Thermal ST $821/MT)
Energy__________________ $1,164 /MT
Manpower_________________ $518 /MT
Employee services__________ $132 /MT
Maintenance_______________ $358 /MT
Transport & sales___________ $181 /MT
G&A_____________________ $146 /MT
Operating Expense Li2O LCE $3,864 /MT = ($140,070,000) *based on 36,250mtpa*
Operating Expense KCl/mt____ $145 /MT = ($19,448,125) *based on 134,125 mtpa*

Capital Costs
1000 Brine Extraction Wells______________ $61,070,000
2000 Evaporation Ponds________________ $178,715,000
2500 Massive Soil Movement_____________ $0 ____was $6.25M
3000 KCL Plant________________________ $0 ____was $23.4M Note: NO Potash sales first 3 yrs (134,125mtpa after 3 yrs)
5000 Salt Removal_____________________ $102,920,000
6000 Lithium Carbonate Plant____________ $110,980,000
8000 General Services__________________ $160,115,000 Includes 363 staff/workers
9000 Infrastructure_____________________ $93,000,000
Total Direct Costs______________________ $706,800,000
Total Indirect Costs 9.82% _______________ $69,408,000
Contingency 12.50% ___________________ $97,026,000
Total Capital Cost______________________ $873,233,000
CAPEX from Tesla US$873,233,000 = 100.00% _______ Tesla
CAPEX from NA US$00 = 0.00% ______ NA
Depreciate CAPEX of $873M over 20 years = ($43,662,000) *___ Payback to Tesla from “Revenue off the top”
Gross INCOME after expenses ST________ = $1,029,319,875 *
National Royalty (1932 Law+Pinera 2014) 3.00% = ($30,880,000) (3.00% x $1,029,319,875) click here for explanation
Local royalties/community payment /Tax 7.50% = ($77,199,000) (7.50% x $1,029,319,875) see page 9 of PEA
EBITA_______________________________ = $921,240,875
(Ref MSB corporate tax rate is 27% see page 12 of 43)
Estimated Income 55% of EBITA 55% = $506,682,000 (was 60% in 2021)

Partners Yearly Income
LPI income per year (Study) 28.07% _____= $142,209,000
SB (Borda) income per year 17.06% _____= $86,441,000
Tesla Income per year 45.40% __________= $230,034,000
________Metric Tonnes per year = 36,250 _____ NA
_______X 15.0% Tes discount/mt = $6,000 ____ NA
Total Tes Discount for year = $217,500,000 ____ NA
NA income 0.00% _____________= $0
NA Income 0.00% ________________= $0 note 325,000mt CEOL
BRZ income per year 5.51% ___________= $27,930,000
BLILF income per year 3.96% _________= $20,068,000
_______________ 100.0% ____________ $506,682,000

Value of Entire Project at Cap Rate 8.0% = $6,334,000,000 Snapshot Month 48

Value of LPI at Cap Rate 8.0% = $1,778,000,000 Snapshot Month 48

LPI shares = 349,144,848 = Outstanding 349,144,848 includes options 00 + options 00 as of 03/25/2022
Projected value of LPI share February 2026 = $5.09 PPS in USD

Interest Rate = 5.85% Was 5.00% Chile analysts see interest rate hiked to 5% this month - Cenbank poll
NPER. Number of months in study = 48
Minimum appreciation per month per share 1.67% = $0.085 /mon/share
LPI Future Value April 2026 = $5.09 PPS
Type (payment at beginning, mode) = 1
Value of LPI share May 2022 USD = $1.10 PPS (attributable to Maricunga)

Value of LPI share May 2022 = $1.10 PPS
Value of LPI share June 2022 = $1.19 PPS
Value of LPI share July 2022 = $1.27 PPS
Value of LPI share August 2022 = $1.36 PPS
Value of LPI share September 2022 = $1.44 PPS
Value of LPI share October 2022 = $1.53 PPS
Value of LPI share November 2022 = $1.61 PPS
Value of LPI share December 2022 = $1.70 PPS
Value of LPI share January 2023 = $1.78 PPS
Value of LPI share February 2023 = $1.86 PPS
Value of LPI share March 2023 = $1.95 PPS
Value of LPI share April 2023 = $2.03 PPS
Value of LPI share May 2023 = $2.12 PPS
Value of LPI share June 2023 = $2.20 PPS
Value of LPI share July 2023 = $2.29 PPS
Value of LPI share August 2023 = $2.37 PPS
Value of LPI share September 2023 = $2.46 PPS
Value of LPI share October 2023 = $2.54 PPS
Value of LPI share November 2023 = $2.63 PPS
Value of LPI share December 2023 = $2.71 PPS
Value of LPI share January 2024 = $2.80 PPS
Value of LPI share February 2024 = $2.88 PPS
Value of LPI share March 2024 = $2.97 PPS
Value of LPI share April 2024 = $3.05 PPS
Value of LPI share May 2024 = $3.14 PPS
Value of LPI share June 2024 = $3.22 PPS
Value of LPI share July 2024 = $3.31 PPS
Value of LPI share August 2024 = $3.39 PPS
Value of LPI share September 2024 = $3.48 PPS
Value of LPI share October 2024 = $3.56 PPS
Value of LPI share November 2024 = $3.65 PPS
Value of LPI share December 2024 = $3.73 PPS
Value of LPI share January 2025 = $3.81 PPS
Value of LPI share February 2025 = $3.90 PPS
Value of LPI share March 2025 = $3.98 PPS
Value of LPI share April 2025 = $4.07 PPS
Value of LPI share May 2025 = $4.15 PPS
Value of LPI share June 2025 = $4.24 PPS
Value of LPI share July 2025 = $4.32 PPS
Value of LPI share August 2025 = $4.41 PPS
Value of LPI share September 2025 = $4.49 PPS
Value of LPI share October 2025 = $4.58 PPS
Value of LPI share November 2025 = $4.66 PPS
Value of LPI share December 2025 = $4.75 PPS
Value of LPI share January 2026 = $4.83 PPS
Value of LPI share February 2026 = $4.92 PPS
Value of LPI share March 2026 = $5.00 PPS
Value of LPI share April 2026 = $5.09 PPS
Month 49 Value of LPI share May 2026 = $10.35 PPS now includes lithium, KCL, iodine, specialty chemicals, potash

The Doctor