Lithium Power International Ltd (fka LTHHF)

[Dr_Vonschellan]

Dear LPI-HC, pull_your heads_out of yourasses,_Codelco hasn't
got US$673,000,000 for the CAPEX to JV with us https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-2613?post_id=66346543
and whoever does eventually JV (eg BYD via Warren Buffet BYD America, CATL, Stellantis, Ganfeng or Ford) with us is going to start out demanding 49% of the entire project in return for that US$673,000,000 infusion on top of discounts for the LCE it buys. That will leave absolutely no room for Codelco if we remain in the equation barring the Chilean State implementing eminent domain and seizing our property at to-be-established fair market pricing which we would have to preset at US$1 Billion. For reference remember that BYD bid/won a 88,000mt LCE license for US$61,000,000 which is $694/mt. Therefore, our 15,200mt x 20 years is a 304,000mt LCE license which when multiplied times US$694/mt yields US$211,000,000 just for our LCE export license... the remaining settlement price of US$789,000,000 covers the cost of our property, $70M in carrying costs we pissed out in thisshithole since 2009 and the balance in profits we will have lost the first 5 years had we actually started mining lithium.

In March or April the Chilean Treasurer (Controller) Mario Marcel is surely going to testify before the Lower Chamber of Deputies that NLC (National Lithium Company) has only a "tentative" paltry $10,000,000 fizz-fuzz budget (which won't buy much more than 20 used trucks, 2 dust-control water trucks, 10 front-end loaders, 7 tractor-scrapers plus fuel on starting a new mine) and that he will not endorse any expenditure on "non-copper" for Codelco over $20,000,000 which incidentally the company does not even have in it's unchangeable 2023 budget... of the $15,000,000 Codelco was supposed to have for the 10-month Maricunga testing program last year 2022 they ran out at $5,200,000 and went into the "big holding pattern" again for the 4th time. Codelco is a deadbeat... they are US$32.14 Billion in the red https://www-nuevamineria-com.translate.goog/revista/codelco-negocia-nueva-politica-de-dividendos-con-hacienda-para-enfrentar-deuda/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US and Treasurer Mario Marcel is never going to approve them coughing up US$673M to start mining lithium unless Mommy's Boy Gabby Boric first agrees to execute a $673M cut in public welfare contributions from Codelco... and that leftist/commie mush-mouth will never do that. If Codelco gets even US$20,000,000 in the 2024-2025 budget for futzing around in Maricunga any more it will be a miracle.

The Doctor