LPD 20.0% 0.2¢ lepidico ltd

Ann: Alvarroes Assays Confirm Lepidolite Extension, page-22

  1. vmp
    13,200 Posts.
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    @Ianwil it has a very high likelihood I think . Phase 1 alone is 3,000. @shades2 said he has seen LMAx firsthand. The numbers are scary, it's almost too good to be true. But that's what it is. Lithium production cost is effectively nil due to the byproducts. That's why I have a cozy feeling the completion of the DFS will trigger a significant re-rate in q4-2017 even if we don't produce until 2019. We might beat the production timeframes of a good number of hard rocks and brine that are building or looking to build their plants. Once the DFS is done, we know we have a compelling case to proceed. The feedstock aspect is looking good and being secured now. The LMAx test, (8-day nonstop) was successful. The grade is amongst the best. Innovation patent, ticked. Management is trustworthy.
    Last edited by vmp: 20/07/17
 
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