Post by
neosceptic on Jun 22, 2022 10:14am
Made my mind buying at .26
Hopefully my greed will pay off!
Fair value at the moment: .385 (present share price of LPI) * .9 (exchange rate) * .7 (proportion) + .02 (capital distribution) = .26
I win nothing on transaction, but operationally, it is a big win.
Basically BRZ is finally out of coma and its outstanding deposit will be Li player. It is in post FS stage!
We are going to be LPI at the time of spin off. Should be within 3 -4 month or so.
LPI, now, can begin negotiations on behalf of 100% of Maricunga.
1.4B NPV is bare minimum, conservative estimate. Even if present prices will collapse by 50% and Maricunga will grow 30%, 3-4B is more reasonable.
I believe that move should add 30% to total entity value. I.e. BRZ should be trading at .34, by Friday. Won't happened, but those who a long with BRZ should be happy.
Unless I am missing something.
Comment by
moorage on Jun 22, 2022 10:40am
And always remember: If LPI swings back to old heights in the 3 - 4 months mentioned, BRZ will trade at $0.60 - 0.80.
Comment by
neosceptic on Jun 22, 2022 10:49am
Yes, we are now, tied to LPI share prices. I also like their management and company will have great synergy effect. Combined admin. will plunge as most of it redundunt. We need only one director, part time lawyer and part time accountant in Canada. In today's market, BRZ become a safe bet. My friend went to buy Ioniq 5 EV. 3 years waiting list...