Hardman & Co Research
Hardman & Co Research: International Lithium Corp (ILC): Resource upgrade and
happy strategic dilemma
10-Feb-2020 / 13:54 GMT/BST
Hardman & Co Research: Resource upgrade and happy strategic dilemma
The new resource estimate for the Mariana lithium brine deposit in Argentina
transforms its potential into a world-class project in which ILC has a 13.7%
share (and a back-in option for a further 10%), with Chinese lithium major,
Ganfeng, owning the balance. Our DCF estimate for ILC, currently based solely
on Mariana, is C$0.18/share (C$0.23/share with back-in). The company faces a
happy strategic dilemma in how to valorise Mariana, as it awaits a maiden
resource estimate for its 100%-owned Canadian hard rock lithium project at
Raleigh Lake.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/resource-upgrade-and-
happy-strategic-dilemma/ [1]
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972033 10-Feb-2020
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(END) Dow Jones Newswires
February 10, 2020 08:54 ET (13:54 GMT)
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