Ann: Investor Presentation March 2016, page-7

I've been reading up a lot on those sorts of reports juk, they are very interesting with an eye to the future. I would say it's inevitable that lepidolite (micas) will come to be profitably processed. Nevertheless in terms of short term action, punters on the ASX are obviously looking for lithium in spodumene and it's the bigger multiples that go with that that SoS is chasing.

However I note that whilst the trenching results were lepidolite (mica) per sinkorswim those first few trenches do not define the entire 150 square kilometres they have to explore. There is spodumene in Tanzania (gem hunters find and sell it) and LTR is seeing to find it. Whilst it makes sense to hold back capital from LTR based on the trench results being lepidolite (albeit quite high grade), it wouldn't make sense to me to write LTR off so early in the piece when the region is so under explored.