Re: Wow! I don't think it will close at this price, but it sure serves as a guide to where LAC will go... eventually.
posted on
Jan 19, 2021 01:25PM
Agree 100% Pavel. TP phase 1 costs about $500m in CapEx. They can still raise up to $400m in funds based on their F-10 filing from October. They can do that via a stock or bond raise. With $145m already on the balance sheet they can fund phase 1 on their own. If they sold shares at say $30 a share they would only dilute the current outstanding shares by another 13-15%. They can still set up strategic partnerships with all the players that have been mentioned on this board but in this case they would continue to hold 100% of the TP asset. They can then go fund phase 2 by selling C-O to Ganfeng. Thoughts everyone? Go LAC!!