Dont shoot the person asking the question. I’m the biggest support on LKE and have been adding to my position this week.
QUESTION:
Whilst I understand LKE is getting the pilot of Lilacs process, If Lilac can turn a resource from 300 mg/l to 600 mg/l equivalent, then doesn’t this turn a 600mg/l to a 1200 mg/l? If this is the case then lithium supply will become abundant and those with higher grade resources (say at present 600mg/l) become more economical and therefore our resource is still the same as If we are comparing our current 300 mg/l resource to what is good today at 600mg/l. Lithium price would reduce due to increase in extraction world wide.
Am I wrong in saying I’m not sure Lilac offers an exclusive benefit to LKE?
I hope I made sense, please correct me if I’m wrong.
Look forward to the discussion and clarification
LKE Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
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