Boardwalk PEA: $2.30B NPV
LithiumBank Resources Corp.'s Boardwalk in Alberta, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $2.30B.
LithiumBank Resources Corp.'s Boardwalk has reported Preliminary Economic Assessment (PEA) results for the lithium project in Alberta, Canada. The study headlines an after-tax net present value of $2.30B at a 8% discount rate. It reflects LithiumBank Resources Corp.'s (LBNK.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is $2.30B using a 8% discount rate. The study models a payback period of 3.5 years. All-in sustaining costs are pegged at 4588 USD/t.
Production and mine plan. The project envisions a brine (dle) operation. Average annual production is approximately 34005 t LHM (lithium hydroxide monohydrate). Average head grade is 81.6 mg/L Li (M&I resource grade).
These figures are extracted from LithiumBank Resources Corp.'s technical disclosures and reflect the most recent PEA on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Reserves & Resources
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Measured & Indicated | — | 81.6 mg/L Li | 5.2 Mt LCE |
| Inferred | — | 79.0 mg/L Li | 2.8 Mt LCE |
Our Analysis
- NPV after-tax
- $2.30B
higher than 44% of 27 projects we track
- Payback
- 3.5yrs
slower than 33% of 18 projects we track
A US$2.30 billion after-tax NPV sitting against a US$23 million market cap is not a valuation gap so much as a verdict. Read one way, the market simply has not done the work: a nano-cap carrying three projects cannot reflect a headline number of this size in its share price, and the disconnect is the opportunity. Read the other way, the market has done the work and does not believe the study survives contact with reality. Both readings are live, and the inputs do not settle which is right.
The case for skepticism starts with the study itself. This is a PEA, the earliest and least reliable form of project economics, built on assumptions that typically carry a plus or minus 50% band on capital and may lean on inferred material. A number that large, produced at that stage, invites a discount rather than a re-rating. Alberta is a mining-friendly jurisdiction and lithium carries a policy tailwind, but neither shortens the path from scoping study to permitted, financed construction.
Payback is the more interesting figure. Capital returning in 3.5 years is moderate rather than fast, and it ranks below two-thirds of the lithium projects we track. For a build of this scale, that matters: a company cannot quietly finance a project worth many multiples of its equity value, so the funding question resolves into dilution, a partner, or a sale, and the timeline to first cash governs all three. The study's own price assumption is the other lever, and the returns are only as good as that assumption holds; a lower realized price would compress the NPV and stretch the payback together.
The question that decides this project is not whether the NPV is real on paper. It is whether a US$23 million company can convert a scoping-level number into a financed, permitted mine before the equity runs out.
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.
Get the next one first
Every mining project we track, with its study figures and sources, kept up to date. Sign up and download the data right away.
By signing up, you agree to receive marketing emails from Mining Stocks and to our data license. You can unsubscribe at any time. Privacy policy