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Bullboard - Stock Discussion Forum Lithium Chile Inc V.LITH

Alternate Symbol(s):  LTMCF

Lithium Chile Inc. (Lithium Chile) is a Canada-based exploration company. The Company is engaged principally in the acquisition, advancement and development of mineral properties in Chile and Argentina. The Company has a property portfolio consisting of 11 properties encompassing 106,136 hectares in Chile together with 29,245 hectares on the Salar de Arizaro in Argentina. The Company also owns... see more

TSXV:LITH - Post Discussion

Lithium Chile Inc > LITH's valuation
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Post by tiger2201 on Feb 16, 2023 12:01pm

LITH's valuation

Lots of investors are traders, they really don't have clue how much LITH is worth. With current resources of 2.6 MT, at Can$140/ton, LITH current owns 62.2%, so LITH is worth Can$1.14/share for Arizaro alone. They have 40M+ cash, assuming Chile's 12 salars are worth 20M$ only, so Cash+Chile is worth Can$0.30/share, total is Can$1.45/share.

LITH is currently drilling a 3rd well, and a deep exploratory hole, assuming LITH can increase their resources to 3.9M tonns, so Arizaro project alone is worth Can$1.71/share, Total is worth Can$2.02/share.

tiger
Comment by deadduck on Mar 08, 2023 8:53pm
Nice post. Where did you get $140 CAD/t ?  I was looking at their report and indicated and inferred resource (not measured) is 2.6MT LCE (lithium carbonate equivalent). Going rate of LCE is close to $70k CAD/t. I'm not familiar with valuations for lithium companies, but I would think their resource is worth a lot more.
Comment by tiger2201 on Mar 09, 2023 7:42am
This can$140/ton in ground is based on 3 previous take-out price, such as NLC, ML, Rio's Rinco. Certainly each project is unique, many differences, LITH may not get this number. I was shareholders of ML & NLC. I believe the buyer doesn't want to wait anymore, and LITH will become more expensive for them. We will see, hopefully today. tiger