ASX sunkIt brought LPI with it, and we are attached to it.
TSX dropped at slower pace, so BRZ dropped slower. Now we have no premium over LPI, except for .02c and Demerge co. shares.
It is hold for me now, but one incentive to buy shares - is total market cap is getting more and more attractive.
Considering that LPI will owe 67% of shares (after recent dilution), and present cap. is 201M AUS, total cap in CAD is 201/.67*.9= 270M (197M in USD, which is 16.4% from very conservatvie NPV)
LPI will be company in post DFS stage with 30M cash and with one of the world best undeveloped, mid-tier size Li deposit on hands. 270M is already too low.
So far, EV were COVID-proof, government sponsored, fast developed trend. It is quite possible that Li will be in high demand even during the recession, which may or may not come.
Hopefully, we will see financing soon enough. This way, even if recession would hit us, deposit development would take 2 years before first sales. It could be a great shelter, develop "mine" for needed material while economy is slow, and be ready for an expansion.